Valero Energy Corporation $VLO Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its holdings in Valero Energy Corporation (NYSE:VLO) by 5.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,821 shares of the oil and gas company’s stock after selling 1,719 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Valero Energy were worth $7,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Friedenthal Financial purchased a new stake in Valero Energy in the 4th quarter valued at about $954,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Valero Energy by 24.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 565,171 shares of the oil and gas company’s stock worth $92,004,000 after purchasing an additional 112,118 shares during the period. Whittier Trust Co. boosted its position in shares of Valero Energy by 2.8% during the 4th quarter. Whittier Trust Co. now owns 212,104 shares of the oil and gas company’s stock worth $37,812,000 after purchasing an additional 5,694 shares during the period. V Square Quantitative Management LLC acquired a new stake in Valero Energy in the 4th quarter valued at approximately $1,079,000. Finally, Sierra Summit Advisors LLC increased its holdings in Valero Energy by 2,325.2% in the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after purchasing an additional 34,878 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Down 1.7%

Shares of NYSE:VLO opened at $307.53 on Tuesday. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $320.24. The company’s 50 day moving average is $271.83 and its two-hundred day moving average is $239.99. The company has a market cap of $91.32 billion, a PE ratio of 12.76, a P/E/G ratio of 0.20 and a beta of 0.55. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. Equities analysts predict that Valero Energy Corporation will post 36.95 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s payout ratio is presently 19.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VLO shares. Morgan Stanley boosted their price objective on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Citigroup raised their target price on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Mizuho lifted their target price on Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Scotiabank boosted their price target on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, TD Cowen increased their price target on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $287.35.

Valero Energy News Roundup

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

• Positive Sentiment: TD Cowen raised its price target for Valero Energy from $338 to $350, implying further upside, although it maintained a “hold” rating. Benzinga analyst update
• Positive Sentiment: Another analyst update raised Valero’s price target to $356, adding to the constructive view of the refiner’s earnings and cash-flow outlook. Valero Energy price target raised
• Positive Sentiment: Valero was highlighted among large-cap companies involved in more than $10 billion of combined buybacks. Repurchases can support earnings per share and signal management confidence following strong operating performance. Large-cap buybacks article
• Positive Sentiment: Valero also appeared on screens of highly ranked stocks expected to beat upcoming earnings estimates, reflecting optimism about refining demand and margins. Zacks potential earnings beats
• Neutral Sentiment: Piper Sandler reiterated its “buy” rating, while a separate valuation analysis described Valero’s cash flow as attractive but its earnings multiple as relatively rich. Piper Sandler rating
• Neutral Sentiment: Higher oil prices linked to geopolitical tensions may support refining-sector sentiment, but the broader ETF commentary is not specific to Valero’s operations. July iShares ETF performance

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

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.