Procyon Advisors LLC Purchases 2,532 Shares of Valero Energy Corporation $VLO

Procyon Advisors LLC lifted its position in shares of Valero Energy Corporation (NYSE:VLO) by 11.2% during the first quarter, Holdings Channel reports. The institutional investor owned 25,097 shares of the oil and gas company’s stock after purchasing an additional 2,532 shares during the period. Procyon Advisors LLC’s holdings in Valero Energy were worth $6,201,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC lifted its position in shares of Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Valero Energy during the third quarter worth about $27,000. Financial Life Planners bought a new stake in Valero Energy during the 1st quarter valued at approximately $28,000. Valued Wealth Advisors LLC lifted its holdings in Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. TD Cowen raised their price objective on Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a research report on Monday, June 29th. Weiss Ratings lowered shares of Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Finally, Scotiabank increased their price target on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average price target of $247.59.

Insider Activity

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Price Performance

Valero Energy stock opened at $280.54 on Monday. The firm has a 50-day moving average price of $253.35 and a 200-day moving average price of $224.99. The firm has a market capitalization of $83.30 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $287.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results 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 company had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Valero Energy Corporation will post 31.04 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, May 21st. Valero Energy’s dividend payout ratio is presently 34.88%.

Key Stories Impacting Valero Energy

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

• Positive Sentiment: Valero’s Gulf Coast refining network is benefiting from strong fuel demand, elevated crack spreads, and rising exports, which should support refining profitability. Strong Fuel Demand & Elevated Crack Spreads Support Valero’s Outlook
• Positive Sentiment: Valero’s recent Russell reclassification into larger-cap and growth benchmarks may be drawing incremental index demand for the stock, while lower crude costs can help preserve refining margins. Why Valero (VLO) Is Up 5.0% After Russell Reclassification And Refining Margin Tailwinds
• Positive Sentiment: Renewed Middle East tensions and rising oil prices are keeping refining margins in focus, which can be supportive for Valero if crude costs remain softer than product prices. Can Valero Energy Benefit From Renewed Middle East Tensions?
• Neutral Sentiment: Valero is also being highlighted as a trending stock, which signals elevated investor attention but does not by itself change fundamentals. Valero Energy Corporation (VLO) Is a Trending Stock: Facts to Know Before Betting on It

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.