Valero Energy Corporation $VLO Stock Holdings Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its position in shares of Valero Energy Corporation (NYSE:VLO) by 69,727.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,681 shares of the oil and gas company’s stock after acquiring an additional 7,670 shares during the period. Fulcrum Asset Management LLP’s holdings in Valero Energy were worth $2,978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Balance Wealth Partners LLC purchased a new position in Valero Energy during the 3rd quarter valued at about $32,000. Latitude Advisors LLC purchased a new stake in Valero Energy in the 3rd quarter worth approximately $34,000. Cornerstone Financial Management LLC lifted its holdings in Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after buying an additional 38 shares during the period. Mascoma Wealth Management LLC lifted its holdings in Valero Energy by 1,980.0% in the 3rd quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock worth $40,000 after buying an additional 99 shares during the period. Finally, Signature Equity Partners LLC grew its position in shares of Valero Energy by 126.8% in the 3rd quarter. Signature Equity Partners LLC now owns 127 shares of the oil and gas company’s stock worth $49,000 after buying an additional 71 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VLO shares. Wells Fargo & Company boosted their target price on Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Raymond James Financial raised their price target on Valero Energy from $450.00 to $530.00 in a research note on Monday, October 19th. JPMorgan Chase & Co. lifted their price target on shares of Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. TD Cowen boosted their price objective on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Finally, Dbs Bank lowered shares of Valero Energy to a “hold” rating and set a $436.00 price objective for the company. in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $406.32.

Valero Energy Stock Up 2.9%

VLO stock opened at $356.64 on Tuesday. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The company has a market capitalization of $102.69 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.19 and a beta of 0.58. The business’s 50 day moving average price is $399.69 and its two-hundred day moving average price is $290.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same quarter last year, the business posted $3.66 EPS. The firm’s revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, analysts forecast that Valero Energy Corporation will post 57.83 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Valero Energy’s dividend payout ratio is 10.80%.

Valero Energy Profile

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.