Valero Energy Corporation $VLO Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its position in shares of Valero Energy Corporation (NYSE:VLO) by 119.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,844 shares of the oil and gas company’s stock after buying an additional 3,721 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Valero Energy were worth $1,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in Valero Energy by 0.9% in the 4th quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after acquiring an additional 163,975 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 63,919 shares during the period. Norges Bank purchased a new position in shares of Valero Energy during the 4th quarter worth $1,111,542,000. Franklin Resources Inc. boosted its holdings in shares of Valero Energy by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after purchasing an additional 394,693 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after purchasing an additional 209,597 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VLO. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Scotiabank lifted their price target on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley lifted their price target on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Wolfe Research reiterated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a report on Tuesday, April 21st. Finally, UBS Group reissued a “buy” rating and issued a $280.00 target price on shares of Valero Energy in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.53.

Valero Energy Trading Down 2.1%

Shares of VLO opened at $260.62 on Wednesday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $272.17. The firm has a market capitalization of $77.39 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $247.50 and its 200 day simple moving average is $218.91.

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

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Valero Energy’s payout ratio is presently 34.88%.

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.