Valero Energy Corporation $VLO Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its position in Valero Energy Corporation (NYSE:VLO) by 297.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,025 shares of the oil and gas company’s stock after buying an additional 2,263 shares during the quarter. Meeder Asset Management Inc.’s holdings in Valero Energy were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of VLO. Woodline Partners LP increased its position in Valero Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the period. Sivia Capital Partners LLC increased its position in Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after buying an additional 222 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Valero Energy during the 2nd quarter worth about $528,000. Sei Investments Co. raised its position in shares of Valero Energy by 11.3% in the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after buying an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after acquiring an additional 1,338 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the firm’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 sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This trade represents a 27.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by company insiders.

Valero Energy Price Performance

NYSE VLO opened at $313.68 on Tuesday. The stock’s 50-day moving average price is $260.29 and its two-hundred day moving average price is $230.82. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a market cap of $93.14 billion, a PE ratio of 22.80, a PEG ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $130.78 and a 1 year high of $316.57.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, analysts predict that Valero Energy Corporation will post 32.61 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. Valero Energy’s dividend payout ratio is 34.88%.

Analyst Ratings Changes

A number of research firms have recently commented on VLO. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research note on Tuesday, April 21st. TD Cowen raised their target price on Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Morgan Stanley upped their target price on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Finally, Mizuho increased their target price on shares of Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $253.06.

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.