Corient Private Wealth LLC Grows Holdings in Valero Energy Corporation $VLO

Corient Private Wealth LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,035 shares of the oil and gas company’s stock after acquiring an additional 12,295 shares during the quarter. Corient Private Wealth LLC’s holdings in Valero Energy were worth $38,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Beacon Investment Advisory Services Inc. raised its stake in Valero Energy by 33.5% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after buying an additional 10,634 shares during the last quarter. Barclays PLC grew its stake in shares of Valero Energy by 5.3% in the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after acquiring an additional 209,597 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Valero Energy in the fourth quarter worth $954,000. CWA Asset Management Group LLC increased its holdings in shares of Valero Energy by 359.0% during the fourth quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock valued at $2,319,000 after acquiring an additional 11,140 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Valero Energy during the third quarter valued at $3,249,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VLO shares. Barclays upped their price target on shares of Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group lifted their target price on shares of Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Citigroup upped their target price on shares of Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.59.

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the sale, the senior vice president owned 27,242 shares of the company’s stock, valued at $6,453,629.80. This trade represents a 21.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Valero Energy Stock Up 0.1%

VLO stock opened at $236.50 on Monday. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. Valero Energy Corporation has a 1-year low of $130.78 and a 1-year high of $265.61. The business has a fifty day moving average price of $245.11 and a 200-day moving average price of $215.10.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the firm posted $0.89 earnings per share. Valero Energy’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Valero Energy Corporation will post 27.45 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 2.0%. 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.