Capstone Capital Management Ltd Invests $980,000 in Valero Energy Corporation $VLO

Capstone Capital Management Ltd acquired a new position in Valero Energy Corporation (NYSE:VLO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,017 shares of the oil and gas company’s stock, valued at approximately $980,000. Valero Energy accounts for 0.9% of Capstone Capital Management Ltd’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also recently made changes to their positions in VLO. Rakuten Investment Management Inc. purchased a new position in shares of Valero Energy during the third quarter valued at about $4,534,000. National Pension Service boosted its position in Valero Energy by 3.6% during the 3rd quarter. National Pension Service now owns 491,134 shares of the oil and gas company’s stock valued at $83,620,000 after acquiring an additional 17,165 shares in the last quarter. Barclays PLC boosted its position in 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 in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Valero Energy by 33.5% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after acquiring an additional 10,634 shares during the period. Finally, Applied Finance Capital Management LLC raised its position in shares of Valero Energy by 13.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 115,183 shares of the oil and gas company’s stock worth $19,612,000 after acquiring an additional 13,923 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

More Valero Energy News

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

• Positive Sentiment: Analysts and earnings estimate revisions are pointing higher for Valero, suggesting momentum could continue if the company keeps beating expectations. Earnings Estimates Rising for Valero Energy (VLO): Will It Gain?
• Positive Sentiment: Valero’s latest quarter reportedly crushed estimates, with management also indicating refining margins should remain strong, supporting the case for continued earnings strength. Valero Energy (VLO) Crushes Estimates in Q1, Expects Refining Margins to Remain Strong
• Positive Sentiment: The stock is also being highlighted as a strong value name and a potential buy for income-focused investors ahead of its upcoming dividend, which may be attracting buyers. Valero Energy (NYSE:VLO) Could Be A Buy For Its Upcoming Dividend
• Positive Sentiment: Valero was also added to a Zacks Strong Buy growth list, reinforcing the market’s view that fundamentals and valuation look attractive. Best Growth Stocks to Buy for May 18th
• Neutral Sentiment: An analyst report on Valero Energy Corp. was published, but no specific positive or negative catalyst was included in the headline details. Analyst Report: Valero Energy Corp
• Neutral Sentiment: Some commentary suggests Valero could still perform well even if oil prices fall, but that appears more like a sector strategy note than a direct company-specific catalyst. Iran Ceasefire Trade: 3 Energy Stocks to Own if Oil Falls to $80 (VLO)

Valero Energy Trading Up 3.0%

Valero Energy stock opened at $258.39 on Tuesday. Valero Energy Corporation has a one year low of $125.10 and a one year high of $260.31. The business’s fifty day moving average is $239.59 and its 200 day moving average is $202.50. The stock has a market capitalization of $76.72 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.35 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.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.89 earnings per share. On average, sell-side analysts predict that Valero Energy Corporation will post 28.26 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Valero Energy’s payout ratio is 34.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VLO shares. Barclays upped their price target on Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised their price objective on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Piper Sandler boosted their target price on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley increased their price target on shares of Valero Energy from $182.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, TD Cowen lifted their price target on shares of Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Two equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $237.94.

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 400 shares of Valero Energy stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Valero Energy 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.