3,676 Shares in Valero Energy Corporation $VLO Acquired by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in shares of Valero Energy Corporation (NYSE:VLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,676 shares of the oil and gas company’s stock, valued at approximately $598,000.

A number of other hedge funds have also recently bought and sold shares of VLO. JPL Wealth Management LLC purchased a new position in Valero Energy during the third quarter worth approximately $27,000. Torren Management LLC purchased a new position in Valero Energy during the fourth quarter worth approximately $30,000. Triumph Capital Management purchased a new position in Valero Energy during the third quarter worth approximately $35,000. Accordant Advisory Group Inc raised its stake in Valero Energy by 194.4% during the fourth quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 140 shares during the period. Finally, Basepoint Wealth LLC purchased a new position in Valero Energy during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. TD Cowen increased their price target on shares of Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Barclays increased their price target on shares of Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company increased their price target on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. 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, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Valero Energy Price Performance

VLO opened at $245.08 on Friday. The company has a fifty day simple moving average of $242.80 and a 200 day simple moving average of $207.03. The firm has a market cap of $72.77 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.36 and a beta of 0.58. Valero Energy Corporation has a twelve month low of $125.10 and a twelve month high of $263.75. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period last year, the business earned $0.89 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio is 34.88%.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the completion of the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Valero Energy 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.