Leonteq Securities AG Acquires Shares of 16,007 Valero Energy Corporation $VLO

Leonteq Securities AG acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,007 shares of the oil and gas company’s stock, valued at approximately $2,606,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VLO. JPL Wealth Management LLC purchased a new position in Valero Energy during the third quarter valued at $27,000. Torren Management LLC purchased a new position in Valero Energy during the fourth quarter valued at $30,000. Cypress Capital Management LLC WY purchased a new position in Valero Energy during the third quarter valued at $34,000. Triumph Capital Management bought a new position in shares of Valero Energy during the third quarter valued at $35,000. Finally, Accordant Advisory Group Inc increased its holdings in shares of Valero Energy by 194.4% during the fourth quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insider Buying and Selling

In related news, SVP Eric A. Fisher sold 400 shares of Valero Energy stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $238.60, for a total value of $95,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VLO. UBS Group raised their price target on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Barclays raised their price target on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Piper Sandler raised their price target on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Argus upgraded Valero Energy to a “hold” rating in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.94.

Valero Energy Price Performance

NYSE VLO opened at $254.01 on Thursday. Valero Energy Corporation has a one year low of $125.10 and a one year high of $263.75. The stock has a 50-day moving average of $241.10 and a 200 day moving average of $203.74. The company has a market capitalization of $75.42 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same period last year, the company earned $0.89 EPS. Valero Energy’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Valero Energy Corporation will post 28.26 EPS for the current year.

Valero Energy Announces Dividend

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

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.