United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 3,100 Shares of Valero Energy Corporation $VLO

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Valero Energy Corporation (NYSE:VLO) by 68.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,600 shares of the oil and gas company’s stock after acquiring an additional 3,100 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Valero Energy were worth $1,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VLO. JPL Wealth Management LLC bought a new stake in shares of Valero Energy during the 3rd quarter valued at about $27,000. Torren Management LLC bought a new stake in shares of Valero Energy during the 4th quarter valued at about $30,000. Triumph Capital Management bought a new stake in shares of Valero Energy during the 3rd quarter valued at about $35,000. Accordant Advisory Group Inc boosted its stake in shares of Valero Energy by 194.4% during the 4th quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 140 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Valero Energy by 145.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 125 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 0.1%

Shares of NYSE VLO opened at $245.08 on Friday. Valero Energy Corporation has a 1 year low of $125.10 and a 1 year high of $263.75. The stock has a market cap of $72.77 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. The firm has a 50-day moving average of $242.80 and a 200 day moving average of $207.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the company posted $0.89 EPS. Valero Energy’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research reports. Scotiabank lifted their target price on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. UBS Group lifted their target price on shares of Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. TD Cowen lifted their target price on shares of Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on shares of Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 8,311 shares of Valero Energy stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the completion of the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Valero Energy 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.