Valero Energy Corporation $VLO Stock Position Raised by Ieq Capital LLC

Ieq Capital LLC grew its position in shares of Valero Energy Corporation (NYSE:VLO) by 22.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,901 shares of the oil and gas company’s stock after buying an additional 18,195 shares during the quarter. Ieq Capital LLC’s holdings in Valero Energy were worth $25,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in VLO. State Street Corp increased its holdings in Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after buying an additional 163,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after acquiring an additional 63,919 shares during the last quarter. Norges Bank bought a new stake in Valero Energy in the fourth quarter worth approximately $1,111,542,000. Franklin Resources Inc. grew its position in Valero Energy by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after acquiring an additional 394,693 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Valero Energy by 11.4% during the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after purchasing an additional 516,975 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $349.27 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $292.93 and a 200 day simple moving average of $253.69. The company has a market cap of $100.56 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $140.13 and a 1 year high of $352.70.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. On average, sell-side analysts predict that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.

Analysts Set New Price Targets

VLO has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a research report on Monday, August 3rd. Weiss Ratings raised Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group upped their price target on Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley increased their price objective on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Company 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.