iA Global Asset Management Inc. increased its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 328.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,218 shares of the oil and gas company’s stock after acquiring an additional 7,832 shares during the period. iA Global Asset Management Inc.’s holdings in Valero Energy were worth $1,740,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Naples Global Advisors LLC bought a new stake in shares of Valero Energy during the third quarter valued at approximately $237,000. Quadrant Private Wealth Management LLC lifted its position in Valero Energy by 5.6% during the third quarter. Quadrant Private Wealth Management LLC now owns 20,129 shares of the oil and gas company’s stock valued at $3,427,000 after buying an additional 1,063 shares during the period. BIP Wealth LLC bought a new stake in shares of Valero Energy during the 3rd quarter valued at $250,000. Triad Wealth Partners LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth about $1,636,000. Finally, CNB Bank increased its stake in shares of Valero Energy by 23.9% in the 3rd quarter. CNB Bank now owns 846 shares of the oil and gas company’s stock worth $144,000 after acquiring an additional 163 shares in the last quarter. 78.69% of the stock is owned by institutional investors.
Insider Transactions at Valero Energy
In other news, CFO Jason W. Fraser sold 9,933 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the sale, the chief financial officer owned 134,196 shares of the company’s stock, valued at $23,352,787.92. This trade represents a 6.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.04% of the company’s stock.
Valero Energy Stock Performance
Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.
Valero Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Thursday, February 5th will be given a $1.20 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.80 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s payout ratio is presently 94.36%.
Valero Energy News Summary
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Board raises quarterly cash dividend to $1.20 (annualized $4.80), a 6.2% increase from the prior payout — a signal of cash-flow confidence and higher shareholder return. Valero Energy Corporation Increases Regular Cash Dividend on Common Stock
- Positive Sentiment: Valero bought a Venezuelan crude cargo under Washington’s deal with Caracas — this provides an additional, potentially lower-cost feedstock supply for Gulf Coast refineries and could help downstream margins. Exclusive: Valero buys Venezuelan oil cargo as part of Washington’s deal with Caracas
- Positive Sentiment: Analysts and market commentary note softer WTI/crude under $60 can boost refiners like Valero by lowering feedstock costs and supporting margins — a favorable backdrop for expected earnings. Softness in Oil Price: What Lies Ahead for VLO’s Refining Operations?
- Positive Sentiment: ETF/asset manager mentions: VanEck highlighted VLO among oil plays, which can attract fund flows and investor attention. VanEck spotlights SLB, HAL, BKR, PSX, and VLO as oil plays
- Neutral Sentiment: Coverage and valuation pieces note VLO’s earnings cadence and mixed valuation signals (P/E vs DCF) — useful context but not an immediate catalyst. A Look At Valero Energy (VLO) Valuation As P/E And DCF Send Mixed Signals
- Neutral Sentiment: Inclusion in broader dividend/safe-stock roundups and S&P 500/refining scale pieces reinforces visibility but is not a near-term earnings driver. Goldman Sachs Says Correction Could Be Coming: 5 Safe Dividend Stocks From The Conviction List
- Negative Sentiment: Zacks Research downgraded VLO from “strong-buy” to “hold,” which could pressure sentiment among some retail and model-driven investors. Zacks.com
Analyst Ratings Changes
Several research firms recently commented on VLO. Raymond James Financial reissued a “strong-buy” rating and set a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a research note on Friday, October 24th. Wells Fargo & Company boosted their price target on Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Erste Group Bank assumed coverage on Valero Energy in a research note on Monday, November 10th. They issued a “buy” rating on the stock. Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Jefferies Financial Group boosted their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.00.
Check Out Our Latest Research Report on Valero Energy
About Valero Energy
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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