Adell Harriman & Carpenter Inc. Sells 2,183 Shares of Valero Energy Corporation $VLO

Adell Harriman & Carpenter Inc. trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,822 shares of the oil and gas company’s stock after selling 2,183 shares during the quarter. Valero Energy comprises 1.3% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 25th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy were worth $21,452,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VLO. Checchi Capital Advisers LLC boosted its stake in shares of Valero Energy by 3.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,023 shares of the oil and gas company’s stock worth $1,241,000 after acquiring an additional 187 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Valero Energy in the 1st quarter valued at approximately $225,000. Calamos Advisors LLC raised its stake in shares of Valero Energy by 1.9% in the 1st quarter. Calamos Advisors LLC now owns 68,160 shares of the oil and gas company’s stock valued at $16,841,000 after acquiring an additional 1,273 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Valero Energy by 25.8% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,605 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 535 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC lifted its holdings in Valero Energy by 31.7% in the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 6,445 shares of the oil and gas company’s stock worth $1,593,000 after purchasing an additional 1,550 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy News Roundup

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

• Positive Sentiment: Citigroup raised its price target on Valero Energy to $302 from $259, while Raymond James lifted its target to $340 and reiterated a strong-buy view, signaling continued analyst confidence in the stock’s outlook.
• Positive Sentiment: Valero saw unusually large call option buying, with 13,172 contracts traded versus an average of 8,412, suggesting traders are positioning for further upside.
• Positive Sentiment: Articles citing renewed Middle East tensions and disruptions around the Strait of Hormuz point to higher gasoline and refined-product prices, which can support Valero’s refining margins and earnings.
• Positive Sentiment: Recent coverage also highlighted Valero’s strong stock performance over the past year and year to date, reinforcing momentum-driven interest from investors.
• Neutral Sentiment: Valero was mentioned in broader market commentary about energy stocks benefiting from higher U.S. gas prices, but this was not a company-specific development.
• Neutral Sentiment: A Zacks note said Valero has outperformed the market recently, but it was more of a performance recap than a new fundamental catalyst.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Citigroup increased their price target on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday. Raymond James Financial boosted their price objective on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Monday. UBS Group reaffirmed a “buy” rating and set a $280.00 price objective on shares of Valero Energy in a report on Thursday, June 11th. Wells Fargo & Company raised their target price on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Finally, Scotiabank lifted their target price on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.06.

Valero Energy Stock Performance

VLO opened at $300.26 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $255.16 and its two-hundred day moving average price is $226.88. The firm has a market capitalization of $89.16 billion, a P/E ratio of 21.82, a price-to-earnings-growth 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 $301.43.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Corporation will post 31.04 earnings per share for the current year.

Valero Energy Announces Dividend

The business 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. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, May 21st. 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 stock in a transaction on 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 completion of the sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by company insiders.

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.