Kathmere Capital Management LLC Boosts Holdings in Valero Energy Corporation $VLO

Kathmere Capital Management LLC increased its position in Valero Energy Corporation (NYSE:VLO) by 53.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,255 shares of the oil and gas company’s stock after purchasing an additional 2,512 shares during the period. Kathmere Capital Management LLC’s holdings in Valero Energy were worth $1,793,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VLO. Woodline Partners LP increased its stake in Valero Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock valued at $3,532,000 after purchasing an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after buying an additional 222 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Valero Energy in the second quarter worth approximately $528,000. Sei Investments Co. grew its holdings in shares of Valero Energy by 11.3% during the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after buying an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Valero Energy by 0.9% during the second quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after buying an additional 1,338 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wolfe Research reissued an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a report on Tuesday, April 21st. BMO Capital Markets boosted their price target on Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Scotiabank upped their price target on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler increased their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $247.59.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares of the company’s stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by insiders.

Valero Energy Stock Up 0.1%

Shares of Valero Energy stock opened at $267.99 on Monday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $274.92. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $249.73 and its 200 day moving average is $221.00. The company has a market cap of $79.57 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. Research analysts anticipate that Valero Energy Corporation will post 28.37 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

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.