AlTi Global Inc. Buys 8,015 Shares of Valero Energy Corporation $VLO

AlTi Global Inc. increased its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 164.6% in the 1st quarter, Holdings Channel reports. The firm owned 12,883 shares of the oil and gas company’s stock after purchasing an additional 8,015 shares during the period. AlTi Global Inc.’s holdings in Valero Energy were worth $3,183,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC grew its holdings in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Financial Life Planners bought a new stake in shares of Valero Energy during the 1st quarter worth $28,000. Valued Wealth Advisors LLC grew its stake in Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 67 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Valero Energy in the 1st quarter valued at $33,000. Finally, JPL Wealth Management LLC bought a new position in Valero Energy in the 3rd quarter worth $27,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James Financial boosted their target price on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 13th. Wells Fargo & Company lifted their price objective on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Citigroup boosted their price objective on Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Zacks Research downgraded Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $253.06.

View Our Latest Stock Analysis on VLO

Valero Energy Stock Down 0.0%

NYSE VLO opened at $309.50 on Monday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $309.90. The stock has a market cap of $91.90 billion, a PE ratio of 22.49, a PEG ratio of 0.37 and a beta of 0.55. The firm has a 50-day simple moving average of $258.97 and a 200 day simple moving average of $229.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) 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 analyst estimates of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. On average, research analysts forecast that Valero Energy Corporation will post 32.61 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Valero Energy News Roundup

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

Insider Activity

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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