Elevation Point Wealth Partners LLC Buys Shares of 4,559 Valero Energy Corporation $VLO

Elevation Point Wealth Partners LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,559 shares of the oil and gas company’s stock, valued at approximately $1,126,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC lifted its holdings in Valero Energy by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 51 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Valero Energy by 32.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 51 shares during the period. Providence Wealth Advisors LLC raised its position in shares of Valero Energy by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock valued at $1,564,000 after acquiring an additional 52 shares during the last quarter. KPP Advisory Services LLC lifted its stake in shares of Valero Energy by 2.5% in the 1st quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 52 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Valero Energy by 1.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,788 shares of the oil and gas company’s stock valued at $617,000 after purchasing an additional 53 shares during the period. 78.69% of the stock is owned by institutional investors.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research cut Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. The Goldman Sachs Group increased their target price on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. UBS Group restated a “buy” rating and set a $280.00 target price on shares of Valero Energy in a research report on Thursday, June 11th. Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.59.

Valero Energy Trading Up 0.9%

NYSE VLO opened at $270.20 on Tuesday. Valero Energy Corporation has a one year low of $130.78 and a one year high of $274.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market cap of $80.23 billion, a P/E ratio of 19.64, a P/E/G ratio of 0.37 and a beta of 0.55. The stock’s 50-day moving average is $249.73 and its 200-day moving average is $221.00.

Valero Energy (NYSE:VLO) last announced 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. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same period last year, the company posted $0.89 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that Valero Energy Corporation will post 28.37 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

About Valero Energy

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.