CIBC Asset Management Inc Boosts Stock Position in Valero Energy Corporation $VLO

CIBC Asset Management Inc raised its stake in Valero Energy Corporation (NYSE:VLO) by 59.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,296 shares of the oil and gas company’s stock after purchasing an additional 28,936 shares during the period. CIBC Asset Management Inc’s holdings in Valero Energy were worth $12,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in VLO. Woodline Partners LP boosted its holdings in Valero Energy by 40.7% in the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after acquiring an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 222 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Valero Energy in the second quarter worth about $528,000. Sei Investments Co. lifted its holdings in shares of Valero Energy by 11.3% during the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock worth $36,165,000 after purchasing an additional 27,291 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Valero Energy by 0.9% during the second quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after purchasing an additional 1,338 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.1%

Shares of NYSE:VLO opened at $256.03 on Friday. The company has a market capitalization of $76.02 billion, a PE ratio of 18.61, a PEG ratio of 0.38 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $127.83 and a 12-month high of $265.61. The business has a 50 day moving average of $244.66 and a two-hundred day moving average of $209.79. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The business had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. As a group, analysts forecast that Valero Energy Corporation will post 26.51 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be given a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Valero Energy’s payout ratio is 34.88%.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. TD Cowen lifted their target price on Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Morgan Stanley lifted their target price on Valero Energy from $182.00 to $222.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, Scotiabank lifted their target price on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Valero Energy News Roundup

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Zacks highlighted Valero as one of the best low-beta stocks to buy right away, pointing to recent gains, solid trading volume, and the appeal of defensive energy exposure amid market volatility. Article Title
• Positive Sentiment: Another Zacks note said cleaner transportation fuels are powering Valero’s growth, citing expansion in renewable diesel, sustainable aviation fuel, and ethanol as longer-term cash flow drivers. Article Title
• Positive Sentiment: Valero was also featured as a strong value and growth name, with Zacks assigning it favorable rankings that may reinforce investor confidence in the stock’s earnings and valuation profile. Article Title
• Positive Sentiment: Valero’s refining strength was emphasized again in a Zacks article arguing that high oil prices should not fully derail margins because of tight global refining capacity and low fuel inventories. Article Title
• Positive Sentiment: Multiple headlines noted that Valero recently hit a 52-week high and has outperformed the Nasdaq over the past year, suggesting strong momentum and supportive fundamentals. Article Title
• Neutral Sentiment: One article discussed whether VLO’s run can continue after reaching a 52-week high, but it mainly framed the question around existing fundamentals rather than delivering a clear new catalyst. Article Title
• Negative Sentiment: A Yahoo Finance piece flagged possible bearish signals from insider stock sales over the past year, which could temper enthusiasm if investors focus on governance or insider sentiment. Article Title
• Negative Sentiment: Seeking Alpha argued Valero may be a great business but at the wrong price, implying valuation could be a headwind after the stock’s strong run. Article Title

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.