U S Global Investors Inc. Buys 2,000 Shares of Valero Energy Corporation $VLO

U S Global Investors Inc. increased its stake in Valero Energy Corporation (NYSE:VLO) by 200.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the oil and gas company’s stock after buying an additional 2,000 shares during the period. U S Global Investors Inc.’s holdings in Valero Energy were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Woodline Partners LP raised its position in shares of Valero Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Valero Energy by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Valero Energy during the 2nd quarter valued at about $528,000. Sei Investments Co. grew its position in Valero Energy by 11.3% during the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after purchasing an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Valero Energy by 0.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after purchasing an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VLO shares. BMO Capital Markets lifted their target price on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Weiss Ratings cut shares of Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Raymond James Financial raised their price target on shares of Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Barclays boosted their price objective on shares of Valero Energy from $261.00 to $279.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, UBS Group reiterated a “buy” rating and set a $280.00 target price on shares of Valero Energy in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.59.

Valero Energy Stock Performance

VLO traded down $0.71 during midday trading on Friday, hitting $280.54. 1,931,882 shares of the company traded hands, compared to its average volume of 3,034,427. The company’s 50-day moving average is $253.35 and its 200 day moving average is $224.56. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $83.30 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $287.05.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping 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 firm had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that Valero Energy Corporation will post 28.72 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st were issued a $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.7%. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

More Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero’s Gulf Coast refining network is benefiting from strong fuel demand, elevated crack spreads, and rising exports, which should support refining profitability. Strong Fuel Demand & Elevated Crack Spreads Support Valero’s Outlook
• Positive Sentiment: Valero’s recent Russell reclassification into larger-cap and growth benchmarks may be drawing incremental index demand for the stock, while lower crude costs can help preserve refining margins. Why Valero (VLO) Is Up 5.0% After Russell Reclassification And Refining Margin Tailwinds
• Positive Sentiment: Renewed Middle East tensions and rising oil prices are keeping refining margins in focus, which can be supportive for Valero if crude costs remain softer than product prices. Can Valero Energy Benefit From Renewed Middle East Tensions?
• Neutral Sentiment: Valero is also being highlighted as a trending stock, which signals elevated investor attention but does not by itself change fundamentals. Valero Energy Corporation (VLO) Is a Trending Stock: Facts to Know Before Betting on It

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.