NewEdge Wealth LLC Grows Stock Position in Valero Energy Corporation $VLO

NewEdge Wealth LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,764 shares of the oil and gas company’s stock after buying an additional 2,585 shares during the period. NewEdge Wealth LLC’s holdings in Valero Energy were worth $2,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Stiles Financial Services Inc lifted its stake in Valero Energy by 3.4% in the 4th quarter. Stiles Financial Services Inc now owns 19,213 shares of the oil and gas company’s stock valued at $3,128,000 after buying an additional 630 shares in the last quarter. Denali Advisors LLC lifted its stake in Valero Energy by 39.0% in the 4th quarter. Denali Advisors LLC now owns 8,918 shares of the oil and gas company’s stock valued at $1,452,000 after buying an additional 2,500 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Valero Energy by 14.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 147,411 shares of the oil and gas company’s stock valued at $23,997,000 after buying an additional 18,206 shares in the last quarter. Ethic Inc. lifted its stake in Valero Energy by 10.2% in the 4th quarter. Ethic Inc. now owns 45,008 shares of the oil and gas company’s stock valued at $7,327,000 after buying an additional 4,153 shares in the last quarter. Finally, MGO One Seven LLC lifted its stake in Valero Energy by 15.1% in the 4th quarter. MGO One Seven LLC now owns 28,474 shares of the oil and gas company’s stock valued at $4,635,000 after buying an additional 3,729 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 0.4%

Shares of VLO stock opened at $247.14 on Wednesday. The firm has a market cap of $73.38 billion, a P/E ratio of 17.96, a PEG ratio of 0.35 and a beta of 0.58. Valero Energy Corporation has a 1-year low of $125.10 and a 1-year high of $258.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm’s 50-day simple moving average is $237.37 and its 200-day simple moving average is $200.32.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, equities analysts forecast that Valero Energy Corporation will post 28.02 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio is presently 34.88%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Raymond James Financial upped their target price on shares of Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. The Goldman Sachs Group upped their target price on shares of Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Wells Fargo & Company upped their target price on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Finally, BMO Capital Markets upped their target price on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, April 6th. 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $237.94.

Insider Buying and Selling at Valero Energy

In related news, SVP Eric A. Fisher sold 8,311 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total value of $1,892,331.59. Following the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at approximately $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

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.