Cypress Capital Group Grows Stake in Valero Energy Corporation $VLO

Cypress Capital Group increased its position in Valero Energy Corporation (NYSE:VLO) by 11.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,983 shares of the oil and gas company’s stock after acquiring an additional 2,190 shares during the period. Cypress Capital Group’s holdings in Valero Energy were worth $5,184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted its holdings in Valero Energy by 16.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 27,765 shares of the oil and gas company’s stock valued at $6,860,000 after acquiring an additional 3,991 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Valero Energy during the 1st quarter valued at about $889,000. Waverly Advisors LLC increased its position in shares of Valero Energy by 36.1% during the 1st quarter. Waverly Advisors LLC now owns 16,899 shares of the oil and gas company’s stock valued at $4,175,000 after purchasing an additional 4,480 shares during the last quarter. Cumberland Partners Ltd purchased a new stake in shares of Valero Energy during the 1st quarter valued at about $1,137,000. Finally, Entropy Technologies LP lifted its stake in shares of Valero Energy by 434.9% in the 1st quarter. Entropy Technologies LP now owns 57,368 shares of the oil and gas company’s stock worth $14,174,000 after purchasing an additional 46,644 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.9%

Shares of NYSE:VLO opened at $302.48 on Friday. The stock has a 50 day moving average of $265.22 and a 200 day moving average of $234.39. The company has a market cap of $89.81 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 0.20 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $320.24. 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 earnings results 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 net margin of 3.37% and a return on equity of 15.94%. The company had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same quarter last year, the business earned $0.89 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Valero Energy Corporation will post 36.46 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Trending Headlines about Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
• Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
• Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
• Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
• Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors

Analyst Ratings Changes

A number of research firms recently issued reports on VLO. BMO Capital Markets raised their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Valero Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $329.00 price target on shares of Valero Energy in a research note on Thursday. Raymond James Financial upped their price objective on Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 13th. Finally, Scotiabank raised their target price on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $266.71.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction 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 transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Valero Energy Company 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.