Pinnbrook Capital Management LP Purchases New Holdings in Valero Energy Corporation $VLO

Pinnbrook Capital Management LP purchased a new stake in Valero Energy Corporation (NYSE:VLO) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 26,636 shares of the oil and gas company’s stock, valued at approximately $6,937,000.

Several other institutional investors have also recently made changes to their positions in VLO. Whipplewood Advisors LLC raised its stake in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Valero Energy in the third quarter valued at $27,000. Financial Life Planners acquired a new position in Valero Energy during the first quarter worth $28,000. Valued Wealth Advisors LLC increased its holdings in Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after buying an additional 67 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Valero Energy during the fourth quarter worth $30,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the topic of a number of research analyst reports. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Mizuho lifted their price target on Valero Energy from $289.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley boosted their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. The Goldman Sachs Group upped their price objective on Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

Valero Energy Price Performance

NYSE:VLO opened at $349.27 on Friday. The company has a market cap of $100.57 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.23 and a beta of 0.55. The firm’s fifty day moving average price is $292.93 and its two-hundred day moving average price is $253.69. Valero Energy Corporation has a one year low of $140.13 and a one year high of $352.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 EPS. Equities analysts expect that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred 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 $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 hyperlink. 0.36% of the stock is owned by company insiders.

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.