Mangrove Partners IM LLC Invests $908,000 in Valero Energy Corporation $VLO

Mangrove Partners IM LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO) during the 4th quarter, HoldingsChannel reports. The firm acquired 5,575 shares of the oil and gas company’s stock, valued at approximately $908,000.

Several other institutional investors have also bought and sold shares of VLO. Woodline Partners LP lifted its stake in Valero Energy by 40.7% in the first 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 during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 222 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Valero Energy during the second quarter worth $528,000. Sei Investments Co. lifted its position 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 worth $36,165,000 after acquiring an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position 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 worth $19,600,000 after acquiring an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Raymond James Financial increased their target price on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Wolfe Research restated an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Piper Sandler increased their target price on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Two research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.59.

Valero Energy Trading Down 1.1%

Valero Energy stock opened at $244.49 on Wednesday. The stock has a market cap of $72.60 billion, a P/E ratio of 17.77, a PEG ratio of 0.35 and a beta of 0.55. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $265.61. The firm’s fifty day moving average price is $245.58 and its 200-day moving average price is $213.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58.

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, topping the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 27.25 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

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.