Valero Energy Corporation $VLO Shares Sold by Canal Capital Management LLC

Canal Capital Management LLC reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 61.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,321 shares of the oil and gas company’s stock after selling 2,065 shares during the period. Canal Capital Management LLC’s holdings in Valero Energy were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of VLO. JPL Wealth Management LLC acquired a new position in Valero Energy during the 3rd quarter worth about $27,000. Financial Life Planners acquired a new position in Valero Energy in the 1st quarter valued at about $28,000. Torren Management LLC purchased a new stake in Valero Energy during the fourth quarter worth about $30,000. AXS Investments LLC purchased a new stake in Valero Energy during the fourth quarter worth about $32,000. 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 worth $33,000 after purchasing an additional 124 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLO has been the subject of several recent research reports. Piper Sandler raised their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. BMO Capital Markets upped their target price on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. TD Cowen increased their target price on shares of Valero Energy from $276.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Raymond James Financial boosted their price target on shares of Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.59.

Valero Energy Stock Performance

Shares of VLO opened at $267.99 on Friday. The stock has a 50-day simple moving average of $249.73 and a 200-day simple moving average of $220.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a market capitalization of $79.57 billion, a PE ratio of 19.48, a PEG ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $130.78 and a 1 year high of $274.92.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that Valero Energy Corporation will post 28.37 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

Insider Activity at Valero Energy

In other Valero Energy 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 value of $2,011,275.00. Following the sale, the senior vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

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.