Procyon Advisors LLC Acquires 13,982 Shares of Valero Energy Corporation $VLO

Procyon Advisors LLC grew its holdings in Valero Energy Corporation (NYSE:VLO) by 162.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,565 shares of the oil and gas company’s stock after acquiring an additional 13,982 shares during the quarter. Procyon Advisors LLC’s holdings in Valero Energy were worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Valero Energy by 2.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,724,707 shares of the oil and gas company’s stock worth $1,576,035,000 after purchasing an additional 286,942 shares during the last quarter. Norges Bank bought a new stake in shares of Valero Energy in the second quarter valued at about $827,390,000. Franklin Resources Inc. grew its position in Valero Energy by 5.0% during the third quarter. Franklin Resources Inc. now owns 5,273,517 shares of the oil and gas company’s stock worth $897,869,000 after buying an additional 249,195 shares in the last quarter. Barclays PLC grew its position in Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after buying an additional 209,597 shares in the last quarter. Finally, Amundi increased its stake in Valero Energy by 3.3% during the second quarter. Amundi now owns 2,381,316 shares of the oil and gas company’s stock valued at $331,415,000 after acquiring an additional 77,070 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 400 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VLO shares. Morgan Stanley raised their price objective on Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 27th. UBS Group reissued a “buy” rating on shares of Valero Energy in a report on Tuesday, January 6th. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, January 21st. Finally, Piper Sandler lifted their price target on shares of Valero Energy from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $193.20.

Valero Energy Trading Down 0.7%

Shares of VLO stock opened at $240.26 on Friday. The company has a market capitalization of $71.85 billion, a P/E ratio of 31.45, a P/E/G ratio of 1.22 and a beta of 0.70. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $247.73. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $203.25 and a 200 day moving average price of $180.83.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.55. The firm had revenue of $30.37 billion for the quarter, compared to analysts’ expectations of $28.20 billion. Valero Energy had a net margin of 1.91% and a return on equity of 12.35%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were given a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date was Thursday, February 5th. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Valero Energy’s dividend payout ratio is currently 62.83%.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.