Edmond DE Rothschild Holding S.A. Acquires New Position in Valero Energy Corporation $VLO

Edmond DE Rothschild Holding S.A. bought a new position in Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,241 shares of the oil and gas company’s stock, valued at approximately $584,000.

Other large investors have also added to or reduced their stakes in the company. Sierra Summit Advisors LLC grew its position in shares of Valero Energy by 2,325.2% during the fourth quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock worth $5,922,000 after purchasing an additional 34,878 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Valero Energy by 846.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock worth $2,401,000 after purchasing an additional 13,194 shares in the last quarter. North Dakota State Investment Board purchased a new position in Valero Energy in the 4th quarter worth approximately $1,743,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Valero Energy by 4.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock worth $47,546,000 after purchasing an additional 7,702 shares during the period. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Valero Energy during the 4th quarter valued at approximately $2,268,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Trading Down 1.4%

Shares of VLO opened at $341.30 on Friday. The company’s fifty day moving average is $291.11 and its 200 day moving average is $253.02. Valero Energy Corporation has a fifty-two week low of $137.88 and a fifty-two week high of $352.70. The stock has a market capitalization of $98.27 billion, a PE ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same quarter last year, the business earned $2.28 earnings per share. Valero Energy’s quarterly revenue was up 48.8% compared to the same quarter last year. Sell-side analysts expect that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced 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 1.4%. The ex-dividend date is Friday, July 31st. Valero Energy’s dividend payout ratio is currently 19.92%.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLO shares. Piper Sandler reissued an “overweight” rating and issued a $329.00 target price on shares of Valero Energy in a report on Thursday, July 23rd. Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a report on Monday, August 3rd. Barclays boosted their price target on shares of Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company lifted their target price on Valero Energy from $292.00 to $356.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.