Mirabella Financial Services LLP Has $3.18 Million Holdings in Valero Energy Corporation $VLO

Mirabella Financial Services LLP lifted its position in Valero Energy Corporation (NYSE:VLO) by 139.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,701 shares of the oil and gas company’s stock after acquiring an additional 10,905 shares during the quarter. Mirabella Financial Services LLP’s holdings in Valero Energy were worth $3,178,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. Waddell & Associates LLC grew its position in Valero Energy by 2.8% during the 3rd quarter. Waddell & Associates LLC now owns 2,040 shares of the oil and gas company’s stock worth $347,000 after purchasing an additional 56 shares in the last quarter. DSG Capital Advisors LLC lifted its holdings in shares of Valero Energy by 1.6% in the third quarter. DSG Capital Advisors LLC now owns 3,803 shares of the oil and gas company’s stock valued at $647,000 after purchasing an additional 60 shares in the last quarter. Cypress Capital Group boosted its position in shares of Valero Energy by 0.3% in the third quarter. Cypress Capital Group now owns 18,786 shares of the oil and gas company’s stock worth $3,199,000 after buying an additional 63 shares during the period. Private Trust Co. NA boosted its position in shares of Valero Energy by 2.0% in the third quarter. Private Trust Co. NA now owns 3,381 shares of the oil and gas company’s stock worth $576,000 after buying an additional 65 shares during the period. Finally, Becker Capital Management Inc. grew its holdings in shares of Valero Energy by 0.6% during the third quarter. Becker Capital Management Inc. now owns 11,837 shares of the oil and gas company’s stock valued at $2,015,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the transaction, the senior vice president owned 42,242 shares of the company’s stock, valued at approximately $9,618,080.98. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VLO. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, January 21st. Piper Sandler upped their target price on Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Bank of America reissued a “neutral” rating and issued a $195.00 price target (down from $198.00) on shares of Valero Energy in a research report on Thursday, December 11th. Finally, Citigroup boosted their price objective on shares of Valero Energy from $190.00 to $212.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $193.20.

Valero Energy Price Performance

VLO opened at $238.73 on Thursday. The stock has a fifty day moving average price of $201.14 and a 200 day moving average price of $179.60. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $242.56. The stock has a market cap of $71.39 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.21 and a beta of 0.70.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The company had revenue of $30.37 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a $1.20 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, February 5th. Valero Energy’s dividend payout ratio is currently 62.83%.

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.