Hsbc Holdings PLC Buys 158,470 Shares of Valero Energy Corporation $VLO

Hsbc Holdings PLC lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 30.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 685,506 shares of the oil and gas company’s stock after buying an additional 158,470 shares during the period. Hsbc Holdings PLC’s holdings in Valero Energy were worth $111,543,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VLO. JPL Wealth Management LLC bought a new position in Valero Energy during the 3rd quarter valued at $27,000. Torren Management LLC bought a new stake in shares of Valero Energy in the 4th quarter worth $30,000. AXS Investments LLC bought a new stake in shares of Valero Energy in the 4th quarter worth $32,000. Triumph Capital Management purchased a new stake in shares of Valero Energy in the third quarter valued at about $35,000. Finally, University of Texas Texas AM Investment Management Co. lifted its position in shares of Valero Energy by 157.0% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 203 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley increased their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Scotiabank lifted their target price on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Finally, UBS Group reiterated a “buy” rating and set a $280.00 price target on shares of Valero Energy in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.59.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the completion of the transaction, the senior vice president owned 27,242 shares in the company, valued at $6,453,629.80. This trade represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by corporate insiders.

Valero Energy Stock Up 0.1%

Valero Energy stock opened at $236.50 on Monday. The firm has a 50 day moving average price of $245.11 and a 200-day moving average price of $215.10. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $265.61. The company has a market capitalization of $70.22 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.34 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Valero Energy’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Valero Energy Corporation will post 27.45 EPS for the current year.

Valero Energy Dividend Announcement

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