Waterloo Capital L.P. Has $613,000 Stake in Valero Energy Corporation $VLO

Waterloo Capital L.P. lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,561 shares of the oil and gas company’s stock after acquiring an additional 767 shares during the period. Waterloo Capital L.P.’s holdings in Valero Energy were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. Hancock Whitney Corp increased its stake in shares of Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Valero Energy in the 1st quarter valued at about $766,000. FORA Capital LLC acquired a new position in Valero Energy during the first quarter valued at approximately $866,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Valero Energy by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after buying an additional 56,274 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its stake in shares of Valero Energy by 8.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock valued at $4,053,000 after purchasing an additional 2,372 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VLO shares. Wall Street Zen downgraded Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Evercore ISI increased their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Barclays boosted their price target on shares of Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. TD Cowen increased their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Stock Performance

NYSE VLO opened at $174.42 on Tuesday. The company’s 50 day simple moving average is $169.03 and its two-hundred day simple moving average is $150.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $185.62. The stock has a market capitalization of $53.20 billion, a PE ratio of 36.41, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter last year, the company posted $1.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio is currently 94.36%.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the transaction, the chief financial officer owned 134,196 shares in the company, valued at approximately $23,352,787.92. This represents a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Valero Energy Profile

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.