Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $457,000 Stock Holdings in Valero Energy Corporation $VLO

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its holdings in Valero Energy Corporation (NYSE:VLO) by 80.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,851 shares of the oil and gas company’s stock after selling 7,395 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Valero Energy were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Woodline Partners LP grew its holdings in shares of Valero Energy by 40.7% during the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after buying an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in Valero Energy during the second quarter worth $528,000. Sei Investments Co. grew its position in Valero Energy by 11.3% in the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after purchasing an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Valero Energy by 0.9% in the second quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after purchasing an additional 1,338 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VLO shares. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Piper Sandler lifted their target price on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Scotiabank increased their price target on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Mizuho raised their price target on Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $247.59.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $267.99 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $79.57 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $274.92. The stock has a 50 day moving average of $249.73 and a 200-day moving average of $221.00.

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 for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, equities research analysts predict that Valero Energy Corporation will post 28.37 EPS for the current year.

Valero Energy Announces Dividend

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

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.