Nykredit A S Invests $33.12 Million in Valero Energy Corporation $VLO

Nykredit A S acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 127,173 shares of the oil and gas company’s stock, valued at approximately $33,121,000.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its position in Valero Energy by 0.6% during the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock valued at $1,648,000 after acquiring an additional 42 shares during the last quarter. M.E. Allison & CO. Inc. boosted its position in shares of Valero Energy by 5.8% during the second quarter. M.E. Allison & CO. Inc. now owns 916 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 50 shares during the period. Ridgecrest Wealth Partners LLC grew its stake in shares of Valero Energy by 5.0% during the second quarter. Ridgecrest Wealth Partners LLC now owns 1,054 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 50 shares during the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of Valero Energy by 5.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 51 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Valero Energy by 32.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock worth $34,000 after buying an additional 51 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Key Headlines Impacting Valero Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $435 from $329 and upgraded Valero to “Overweight,” implying further upside from recent levels. The revision is a significant boost to investor sentiment. Benzinga analyst note
• Positive Sentiment: Erste Group Bank increased its earnings estimates for Valero, suggesting expectations for stronger refining profitability and supporting the stock’s valuation. Erste Group Bank Boosts Earnings Estimates for Valero Energy
• Positive Sentiment: Wells Fargo indicated that Valero’s stock is expected to rise, adding another favorable sell-side view as the shares approach record levels. Valero Energy Stock Price Expected to Rise
• Positive Sentiment: Zacks added VLO to its Rank #1 (Strong Buy) growth-stock list on September 2 and September 3. The repeated ranking reflects favorable earnings and momentum indicators. Best Growth Stocks to Buy for September 3rd
• Positive Sentiment: Valero outperformed the broader stock market in the latest session, with the rally likely reinforced by analyst upgrades, higher earnings expectations and continued investor interest in refiners. Valero Energy Laps the Stock Market
• Neutral Sentiment: Valero reached a new 12-month high, highlighting strong momentum but also raising the risk that much of the positive outlook is already reflected in the share price. Valero Energy Hits New 12-Month High
• Negative Sentiment: A Seeking Alpha analysis downgraded Valero to “Hold,” arguing that the market may already be pricing in the benefit of closed Russian oil flows and related refining-market support. This represents a valuation and risk warning after the recent advance. Valero Energy: Market Pricing Closed Russian Flows

Valero Energy Price Performance

VLO opened at $370.84 on Friday. Valero Energy Corporation has a 1 year low of $153.20 and a 1 year high of $375.11. The firm has a market capitalization of $106.78 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The business’s 50-day moving average is $313.01 and its two-hundred day moving average is $264.11.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same quarter in the previous year, the business posted $2.28 EPS. Valero Energy’s revenue was up 48.8% on a year-over-year basis. Research analysts anticipate that Valero Energy Corporation will post 40.7 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. Valero Energy’s dividend payout ratio is presently 19.92%.

Insider Activity at Valero Energy

In other news, SVP Eric Fisher sold 7,500 shares of the 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 sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VLO. UBS Group boosted their price objective on Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a report on Friday, July 31st. Mizuho increased their target price on Valero Energy from $289.00 to $300.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Piper Sandler lifted their target price on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $296.18.

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.