Clearwave Capital LLC Invests $356,000 in Valero Energy Corporation $VLO

Clearwave Capital LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,186 shares of the oil and gas company’s stock, valued at approximately $356,000.

Other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $27,000. Torren Management LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at $30,000. AXS Investments LLC bought a new position in Valero Energy in the fourth quarter worth $32,000. University of Texas Texas AM Investment Management Co. lifted its position in Valero Energy by 157.0% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 203 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 124 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its stake in Valero Energy by 32.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock worth $34,000 after buying an additional 51 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $236.90, for a total value of $1,776,750.00. Following the completion of the sale, the senior vice president owned 27,242 shares of the company’s stock, valued at approximately $6,453,629.80. This represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by corporate insiders.

Valero Energy Price Performance

Valero Energy stock opened at $236.50 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 cap of $70.22 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.34 and a beta of 0.55. The business’s fifty day moving average is $245.11 and its two-hundred day moving average is $214.85. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $265.61.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (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 firm’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 business posted $0.89 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 27.45 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLO. Piper Sandler increased their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their target price on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. UBS Group reissued a “buy” rating and issued a $280.00 target price on shares of Valero Energy in a research note on Thursday, June 11th. Weiss Ratings raised shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Scotiabank raised their price target on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Two 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 assigned a Sell rating to the stock. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $245.59.

Valero Energy 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.