Baader Bank Aktiengesellschaft Invests $655,000 in Valero Energy Corporation $VLO

Baader Bank Aktiengesellschaft acquired a new position in shares of Valero Energy Corporation (NYSE:VLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,021 shares of the oil and gas company’s stock, valued at approximately $655,000.

A number of other institutional investors also recently made changes to their positions in the company. Montecito Bank & Trust boosted its holdings in shares of Valero Energy by 1.4% during the fourth quarter. Montecito Bank & Trust now owns 3,909 shares of the oil and gas company’s stock worth $636,000 after acquiring an additional 54 shares during the period. Waddell & Associates LLC boosted its holdings in shares of Valero Energy by 2.8% during the third quarter. Waddell & Associates LLC now owns 2,040 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 56 shares during the period. DSG Capital Advisors LLC boosted its holdings in shares of Valero Energy by 1.6% during the third quarter. DSG Capital Advisors LLC now owns 3,803 shares of the oil and gas company’s stock worth $647,000 after acquiring an additional 60 shares during the period. River Street Advisors LLC boosted its stake in shares of Valero Energy by 0.5% in the fourth quarter. River Street Advisors LLC now owns 12,107 shares of the oil and gas company’s stock valued at $1,971,000 after buying an additional 61 shares during the period. Finally, Childress Capital Advisors LLC boosted its stake in shares of Valero Energy by 2.2% in the fourth quarter. Childress Capital Advisors LLC now owns 2,945 shares of the oil and gas company’s stock valued at $479,000 after buying an additional 62 shares during the period. Institutional investors own 78.69% of the company’s stock.

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the business’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 completion of the transaction, the senior vice president directly owned 42,242 shares in the company, valued at $9,618,080.98. The trade was a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. The Goldman Sachs Group boosted their price target on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Piper Sandler boosted their price target on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Citigroup boosted their price target on Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Raymond James Financial boosted their price target on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.94.

Valero Energy Stock Up 0.2%

Shares of VLO opened at $244.55 on Friday. Valero Energy Corporation has a one year low of $125.10 and a one year high of $258.43. The company has a market cap of $72.61 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.34 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $238.49 and a two-hundred day simple moving average of $201.34.

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 net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Valero Energy Corporation will post 28.02 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company 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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

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.