Valero Energy Corporation $VLO Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 12.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 75,389 shares of the oil and gas company’s stock after buying an additional 8,141 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Valero Energy were worth $19,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. Whipplewood Advisors LLC raised its position in shares of Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 102 shares during the period. Financial Life Planners acquired a new stake in shares of Valero Energy during the 1st quarter valued at about $28,000. Valued Wealth Advisors LLC grew its position in shares of Valero Energy by 134.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 67 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at about $33,000. Finally, JPL Wealth Management LLC acquired a new position in Valero Energy in the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.7%

NYSE VLO opened at $297.94 on Friday. The business has a fifty day moving average price of $276.61 and a 200 day moving average price of $242.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company has a market cap of $88.47 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.21 and a beta of 0.55. Valero Energy Corporation has a one year low of $130.78 and a one year high of $320.24.

Valero Energy (NYSE:VLOGet Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Research analysts anticipate that Valero Energy Corporation will post 39.55 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Valero Energy’s payout ratio is presently 19.92%.

Valero Energy News Roundup

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VLO shares. TD Cowen increased their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Scotiabank upped their target price on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Mizuho increased their target price on Valero Energy from $289.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $288.00.

Get Our Latest Stock Analysis on Valero Energy

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLOFree Report).

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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