Gallacher Capital Management LLC Makes New $572,000 Investment in Valero Energy Corporation $VLO

Gallacher Capital Management LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO) in the third quarter, HoldingsChannel reports. The firm purchased 1,476 shares of the oil and gas company’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Zone Wealth Advisors LLC boosted its position in shares of Valero Energy by 2.4% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock worth $398,000 after buying an additional 24 shares in the last quarter. Grove Bank & Trust grew its stake in Valero Energy by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 25 shares during the last quarter. Sigma Planning Corp increased its holdings in Valero Energy by 0.4% during the 3rd quarter. Sigma Planning Corp now owns 7,171 shares of the oil and gas company’s stock valued at $2,779,000 after acquiring an additional 29 shares in the last quarter. Modera Wealth Management LLC increased its holdings in Valero Energy by 3.7% during the 3rd quarter. Modera Wealth Management LLC now owns 956 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 34 shares in the last quarter. Finally, Cornerstone Financial Management LLC increased its holdings in Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VLO shares. Mizuho lifted their target price on shares of Valero Energy from $300.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Wells Fargo & Company increased their price target on shares of Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Bank of America raised their price objective on shares of Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Piper Sandler lifted their price objective on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley lifted their price objective on Valero Energy from $411.00 to $420.00 and gave the stock an “equal weight” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $380.47.

Valero Energy Stock Up 1.5%

Shares of NYSE:VLO opened at $387.16 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $111.47 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.20 and a beta of 0.58. Valero Energy Corporation has a 52-week low of $159.90 and a 52-week high of $461.52. The stock’s fifty day simple moving average is $399.09 and its 200-day simple moving average is $287.06.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The firm had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same quarter last year, the business posted $3.66 EPS. The firm’s quarterly revenue was up 43.3% compared to the same quarter last year. As a group, equities research analysts forecast that Valero Energy Corporation will post 57.42 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 24th. Valero Energy’s dividend payout ratio (DPR) is currently 10.80%.

Key Valero Energy News

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

• Positive Sentiment: Valero plans to buy a former Houston refinery site from LyondellBasell for $320.5 million and restart 165,000 barrels per day of light-crude capacity by 2027. The acquisition could expand refining capacity and growth prospects, though the restart remains a future execution milestone. Valero to Acquire Houston Refining Site, Plans 165,000 BPD Restart
• Positive Sentiment: The board reaffirmed Valero’s quarterly dividend of $1.20 per share, supporting the stock’s income appeal. The article also characterizes the shares as potentially undervalued after their recent pullback. 11% Undervalued? Valero Energy Following Earnings And Dividend Decision
• Positive Sentiment: Valero was included in Zacks’ top growth-stock picks and in a roundup citing strong quarterly earnings, favorable refining conditions and improving growth prospects. These are supportive signals, though the selections are broad, list-based commentary. Best Growth Stocks to Buy for November 3rd
• Neutral Sentiment: Morgan Stanley raised its price target from $411 to $420 but maintained an “equal weight” rating, indicating a higher valuation view without a more bullish recommendation. Morgan Stanley price-target update
• Negative Sentiment: The dividend-and-valuation article notes that VLO had fallen 10.61% over the prior week and 6.11% over the prior month. That recent weakness could weigh on sentiment despite stronger longer-term returns and the announced refinery expansion. 11% Undervalued? Valero Energy Following Earnings And Dividend Decision

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.