Fox Run Management L.L.C. Acquires Shares of 1,572 Valero Energy Corporation $VLO

Fox Run Management L.L.C. acquired a new position in Valero Energy Corporation (NYSE:VLO) during the second quarter, HoldingsChannel reports. The fund acquired 1,572 shares of the oil and gas company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock valued at $2,959,065,000 after buying an additional 163,975 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock worth $1,945,500,000 after acquiring an additional 63,919 shares during the last quarter. Norges Bank bought a new stake in Valero Energy during the 4th quarter worth about $1,111,542,000. Franklin Resources Inc. increased its position in Valero Energy by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after acquiring an additional 394,693 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Valero Energy by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Valero Energy Stock Down 0.5%

Shares of NYSE VLO opened at $341.36 on Friday. The firm has a market capitalization of $98.29 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 1 year low of $135.01 and a 1 year high of $346.09. The firm’s 50-day moving average is $283.92 and its 200-day moving average is $247.97.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results 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. The company had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. Valero Energy’s revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 EPS. Equities analysts expect that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s payout ratio is currently 19.92%.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $329.00 target price on shares of Valero Energy in a research note on Thursday, July 23rd. Citigroup raised their price target 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. Morgan Stanley boosted their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. Jefferies Financial Group set a $350.00 price objective on Valero Energy in a report on Monday, August 3rd. Finally, Scotiabank lifted their target price on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.