6,393 Shares in Valero Energy Corporation $VLO Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC purchased a new position in Valero Energy Corporation (NYSE:VLOFree Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,393 shares of the oil and gas company’s stock, valued at approximately $1,041,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. Highline Wealth Partners LLC lifted its holdings in shares of Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after buying an additional 66 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Valero Energy during the third quarter valued at $27,000. Global Wealth Strategies & Associates bought a new stake in Valero Energy in the 3rd quarter valued at $34,000. Cypress Capital Management LLC WY bought a new stake in Valero Energy in the 3rd quarter valued at $34,000. Finally, Triumph Capital Management purchased a new stake in Valero Energy in the 3rd quarter worth $35,000. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Piper Sandler boosted their target price on Valero Energy from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial lifted their price objective on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Finally, Zacks Research cut Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.53.

Read Our Latest Stock Analysis on VLO

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of Valero Energy stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the completion of the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at $9,618,080.98. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

Key Stories Impacting Valero Energy

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

Valero Energy Stock Up 2.6%

Shares of NYSE VLO opened at $254.58 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $255.97. The firm’s 50-day moving average price is $209.25 and its 200-day moving average price is $183.83. The stock has a market capitalization of $76.13 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 0.63 and a beta of 0.70.

Valero Energy (NYSE:VLOGet Free Report) 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 company had revenue of $30.37 billion for the quarter, compared to analysts’ expectations of $28.20 billion. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, February 5th. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s payout ratio is currently 62.83%.

Valero Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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