Kapitalo Investimentos Ltda Increases Stock Position in Valero Energy Co. (NYSE:VLO)

Kapitalo Investimentos Ltda boosted its holdings in Valero Energy Co. (NYSE:VLOFree Report) by 120.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,023 shares of the oil and gas company’s stock after purchasing an additional 3,842 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Valero Energy were worth $913,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VLO. United Community Bank increased its stake in Valero Energy by 2.2% in the 4th quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock valued at $444,000 after buying an additional 75 shares during the period. Marino Stram & Associates LLC lifted its position in Valero Energy by 0.9% in the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 77 shares during the period. Montag A & Associates Inc. boosted its holdings in Valero Energy by 0.9% in the 4th quarter. Montag A & Associates Inc. now owns 8,899 shares of the oil and gas company’s stock valued at $1,157,000 after purchasing an additional 78 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after buying an additional 81 shares in the last quarter. Finally, Fulcrum Equity Management lifted its holdings in shares of Valero Energy by 1.0% in the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VLO shares. Argus lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. The Goldman Sachs Group lifted their price target on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Mizuho raised their target price on shares of Valero Energy from $173.00 to $176.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, TD Cowen reduced their price target on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.33.

Check Out Our Latest Report on Valero Energy

Insider Buying and Selling at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the transaction, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Valero Energy Trading Up 2.3 %

VLO stock traded up $3.51 on Tuesday, hitting $154.62. 465,994 shares of the company were exchanged, compared to its average volume of 3,076,131. The stock has a market capitalization of $50.56 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. The business’s fifty day moving average is $160.64 and its two-hundred day moving average is $148.67. Valero Energy Co. has a twelve month low of $108.28 and a twelve month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.27 earnings per share. As a group, research analysts forecast that Valero Energy Co. will post 17.74 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $4.28 annualized dividend and a yield of 2.77%. Valero Energy’s payout ratio is 21.20%.

About Valero Energy

(Free Report)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

See Also

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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