Global Assets Advisory LLC Invests $9.02 Million in Valero Energy Co. (NYSE:VLO)

Global Assets Advisory LLC bought a new stake in Valero Energy Co. (NYSE:VLOFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 52,828 shares of the oil and gas company’s stock, valued at approximately $9,017,000.

A number of other large investors have also recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. boosted its stake in shares of Valero Energy by 2.4% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 116 shares during the last quarter. Deutsche Bank AG boosted its position in Valero Energy by 5.8% during the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after acquiring an additional 55,351 shares during the last quarter. Stiles Financial Services Inc grew its stake in Valero Energy by 49.7% in the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 2,529 shares during the period. MGO One Seven LLC raised its holdings in Valero Energy by 198.8% in the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock valued at $2,159,000 after acquiring an additional 11,047 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after purchasing an additional 342,218 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $210.00 in a research note on Friday, March 15th. Wells Fargo & Company cut their price objective on Valero Energy from $184.00 to $179.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Citigroup increased their target price on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Piper Sandler cut their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Finally, Mizuho decreased their price target on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

Check Out Our Latest Stock Analysis on Valero Energy

Valero Energy Stock Up 0.3 %

NYSE:VLO traded up $0.52 during mid-day trading on Monday, reaching $150.73. The stock had a trading volume of 2,836,125 shares, compared to its average volume of 3,126,345. The business’s 50 day moving average is $158.64 and its 200 day moving average is $149.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a fifty-two week low of $111.14 and a fifty-two week high of $184.79. The stock has a market cap of $49.29 billion, a P/E ratio of 7.49, a PEG ratio of 1.47 and a beta of 1.47.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the business posted $8.27 EPS. As a group, sell-side analysts predict that Valero Energy Co. will post 17.32 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, May 30th. Valero Energy’s payout ratio is 21.20%.

Insider Activity

In other news, Director Kimberly S. Greene sold 720 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by company insiders.

Valero Energy Company Profile

(Free Report)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

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

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