Burney Co. Sells 2,400 Shares of Valero Energy Corporation $VLO

Burney Co. lowered its position in Valero Energy Corporation (NYSE:VLO) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,462 shares of the oil and gas company’s stock after selling 2,400 shares during the period. Burney Co.’s holdings in Valero Energy were worth $9,256,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after acquiring an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Valero Energy by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after purchasing an additional 63,919 shares in the last quarter. Norges Bank acquired a new stake in shares of Valero Energy in the 4th quarter valued at $1,111,542,000. Franklin Resources Inc. lifted its stake in shares of Valero Energy by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after purchasing an additional 394,693 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Valero Energy by 0.5% in the fourth quarter. Northern Trust Corp now owns 3,285,161 shares of the oil and gas company’s stock worth $534,791,000 after purchasing an additional 17,336 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their target price on shares of Valero Energy from $261.00 to $279.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Morgan Stanley upped their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Raymond James Financial increased their price objective on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler boosted their target price on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.59.

Valero Energy Stock Performance

Shares of VLO opened at $270.20 on Tuesday. The company has a market capitalization of $80.23 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. 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 company’s fifty day moving average price is $249.73 and its 200 day moving average price is $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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The company had revenue of $32.38 billion during 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. As a group, analysts expect that Valero Energy Corporation will post 28.37 earnings per share for the current year.

Valero Energy Announces Dividend

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

Insiders Place Their Bets

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

Valero Energy Company 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.