Yousif Capital Management LLC Has $8.60 Million Stake in Valero Energy Corporation $VLO

Yousif Capital Management LLC reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,499 shares of the oil and gas company’s stock after selling 3,286 shares during the period. Yousif Capital Management LLC’s holdings in Valero Energy were worth $8,598,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VLO. Summit Financial LLC increased its holdings in shares of Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares during the last quarter. CW Advisors LLC acquired a new position in Valero Energy during the first quarter valued at approximately $361,000. Kestra Advisory Services LLC raised its position in shares of Valero Energy by 15.5% in the first quarter. Kestra Advisory Services LLC now owns 49,961 shares of the oil and gas company’s stock valued at $6,598,000 after purchasing an additional 6,722 shares during the period. Jump Financial LLC acquired a new stake in shares of Valero Energy in the first quarter worth $1,529,000. Finally, Comerica Bank boosted its holdings in shares of Valero Energy by 1.8% during the 1st quarter. Comerica Bank now owns 72,541 shares of the oil and gas company’s stock worth $9,581,000 after buying an additional 1,258 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VLO shares. Barclays boosted their target price on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group increased their target price on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Piper Sandler lifted their price target on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $183.20.

Insider Activity

In other news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $174.02, for a total value of $1,728,540.66. Following the completion of the transaction, the chief financial officer directly owned 134,196 shares of the company’s stock, valued at approximately $23,352,787.92. This represents a 6.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Valero Energy Trading Up 0.7%

Shares of Valero Energy stock opened at $164.74 on Wednesday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $185.62. The firm has a market capitalization of $50.25 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company’s fifty day moving average price is $171.40 and its two-hundred day moving average price is $156.42.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. On average, analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 20th. Valero Energy’s dividend payout ratio is currently 94.36%.

About Valero Energy

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.