HB Wealth Management LLC Grows Stock Position in Valero Energy Corporation $VLO

by · The Markets Daily

HB Wealth Management LLC boosted its holdings in Valero Energy Corporation (NYSE:VLO – Free Report) by 9.0% during the second quarter, Holdings Channel.com reports. The fund owned 23,147 shares of the oil and gas company’s stock after acquiring an additional 1,913 shares during the period. HB Wealth Management LLC’s holdings in Valero Energy were worth $6,028,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its holdings 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 purchasing an additional 102 shares in the last quarter. Financial Life Planners acquired a new position in shares of Valero Energy during the 1st quarter worth approximately $28,000. Valued Wealth Advisors LLC raised its position in shares of Valero Energy by 134.0% during 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 during the last quarter. Global Assets Advisory LLC purchased a new stake in Valero Energy in the 1st quarter valued at approximately $33,000. Finally, JPL Wealth Management LLC acquired a new stake in Valero Energy during the 3rd quarter valued at $27,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Valero Energy

In other news, SVP Eric Fisher sold 7,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Valero Energy Price Performance

VLO stock opened at $370.94 on Tuesday. Valero Energy Corporation has a 52-week low of $153.20 and a 52-week high of $375.11. The stock’s fifty day simple moving average is $317.34 and its 200-day simple moving average is $266.53. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $106.80 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.57.

Valero Energy (NYSE:VLO – Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The firm had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post 41.15 EPS for the current year.

Valero Energy Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on VLO. TD Cowen raised their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Erste Group Bank downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 27th. Jefferies Financial Group set a $350.00 price objective on Valero Energy in a research report on Monday, August 3rd. UBS Group boosted their target price on shares of Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup upped their target price on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.18.

View Our Latest Stock Analysis on VLO

Valero Energy Company Profile

(Free Report)

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.

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