Valero Energy Corporation $VLO Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in Valero Energy Corporation (NYSE:VLO) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,105 shares of the oil and gas company’s stock after purchasing an additional 6,649 shares during the quarter. NEOS Investment Management LLC’s holdings in Valero Energy were worth $13,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in 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 purchasing an additional 102 shares during the period. Financial Life Planners bought a new stake in shares of Valero Energy during the 1st quarter worth about $28,000. Valued Wealth Advisors LLC lifted its stake in shares of Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 67 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Valero Energy in the 1st quarter worth approximately $33,000. Finally, JPL Wealth Management LLC bought a new position in shares of Valero Energy in the third quarter valued at approximately $27,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valero Energy

In related news, SVP Eric Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction 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. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLO. The Goldman Sachs Group upped their price objective on Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Raymond James Financial lifted their price objective on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 13th. Wells Fargo & Company increased their target price on shares of Valero Energy from $356.00 to $389.00 and gave the company an “overweight” rating in a research note on Tuesday. Erste Group Bank lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $296.18.

Valero Energy Trading Up 0.1%

Valero Energy stock opened at $370.94 on Friday. Valero Energy Corporation has a 52 week low of $153.20 and a 52 week high of $375.11. 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 firm has a market capitalization of $106.80 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.42 and a beta of 0.57. The company has a 50 day moving average price of $315.25 and a 200 day moving average price of $264.85.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The business had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter in the previous year, the company posted $2.28 earnings per share. Valero Energy’s revenue for the quarter was up 48.8% compared to the same quarter last year. Research analysts forecast that Valero Energy Corporation will post 40.7 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, July 31st were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.

About Valero Energy

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.