DSG Capital Advisors LLC Increases Stock Holdings in Valero Energy Corporation $VLO

DSG Capital Advisors LLC boosted its stake in Valero Energy Corporation (NYSE:VLO) by 44.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,086 shares of the oil and gas company’s stock after acquiring an additional 1,876 shares during the period. DSG Capital Advisors LLC’s holdings in Valero Energy were worth $1,504,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VLO. Norges Bank bought a new stake in shares of Valero Energy during the 4th quarter valued at about $1,111,542,000. Arrowstreet Capital Limited Partnership purchased a new stake in Valero Energy in the third quarter worth about $275,239,000. Pacer Advisors Inc. lifted its holdings in Valero Energy by 2,635.7% in the fourth quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock worth $154,736,000 after buying an additional 915,782 shares during the period. Victory Capital Management Inc. boosted its position in Valero Energy by 49.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock valued at $276,224,000 after acquiring an additional 560,116 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Valero Energy by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after acquiring an additional 394,693 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VLO. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Piper Sandler lifted their price target on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Barclays upped their price target on Valero Energy from $261.00 to $279.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.59.

Valero Energy Price Performance

VLO stock opened at $267.99 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market capitalization of $79.57 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.37 and a beta of 0.55. The firm has a 50 day moving average price of $249.06 and a 200-day moving average price of $220.30. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $274.92.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 28.37 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Valero Energy’s payout ratio is 34.88%.

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.