OMERS ADMINISTRATION Corp Buys 3,991 Shares of Valero Energy Corporation $VLO

OMERS ADMINISTRATION Corp grew its stake in Valero Energy Corporation (NYSE:VLO) by 16.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,765 shares of the oil and gas company’s stock after buying an additional 3,991 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Valero Energy were worth $6,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. Whipplewood Advisors LLC boosted its holdings in Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. JPL Wealth Management LLC bought a new position in Valero Energy during the 3rd quarter worth approximately $27,000. Financial Life Planners bought a new position in Valero Energy during the 1st quarter worth approximately $28,000. Valued Wealth Advisors LLC lifted its position in shares of 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 worth $29,000 after purchasing an additional 67 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at $30,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

NYSE:VLO opened at $302.48 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $320.24. The company has a fifty day moving average of $265.22 and a 200-day moving average of $234.77. The firm has a market capitalization of $89.81 billion, a P/E ratio of 21.98, a P/E/G ratio of 0.20 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted 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 net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Valero Energy Corporation will post 36.46 EPS for the current year.

Valero Energy Announces Dividend

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

Insider Buying and Selling

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’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 transaction of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

Valero Energy News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
• Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
• Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
• Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
• Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. UBS Group reiterated a “buy” rating and set a $280.00 price target on shares of Valero Energy in a report on Thursday, June 11th. Weiss Ratings raised Valero Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Wolfe Research reissued an “underperform” rating and issued a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.71.

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.