SHP Wealth Management Makes New Investment in Valero Energy Corporation $VLO

SHP Wealth Management acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,433 shares of the oil and gas company’s stock, valued at approximately $721,000.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock valued at $2,959,065,000 after buying an additional 163,975 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Valero Energy by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock worth $1,945,500,000 after acquiring an additional 63,919 shares during the last quarter. Norges Bank purchased a new stake in shares of Valero Energy during the 4th quarter worth approximately $1,111,542,000. Franklin Resources Inc. raised its holdings in shares of Valero Energy by 7.5% during the 4th 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, Barclays PLC boosted its position in shares of Valero Energy by 5.3% during the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after acquiring an additional 209,597 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $236.90, for a total value of $1,776,750.00. Following the transaction, the senior vice president directly owned 27,242 shares in the company, valued at $6,453,629.80. This represents a 21.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VLO has been the subject of a number of recent research reports. Mizuho raised their target price on shares of Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Wolfe Research reiterated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Piper Sandler upped their target price on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group lifted their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.59.

Valero Energy Price Performance

Shares of VLO stock opened at $236.50 on Friday. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $265.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market capitalization of $70.22 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.34 and a beta of 0.55. The stock has a 50 day moving average price of $245.11 and a 200 day moving average price of $214.85.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data 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. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the prior year, the company posted $0.89 EPS. Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts predict that Valero Energy Corporation will post 27.45 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s payout ratio is 34.88%.

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.