Crewe Advisors LLC Acquires New Holdings in Valero Energy Co. (NYSE:VLO)

Crewe Advisors LLC acquired a new stake in shares of Valero Energy Co. (NYSE:VLO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 456 shares of the oil and gas company’s stock, valued at approximately $78,000.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Valero Energy in the 4th quarter worth approximately $570,428,000. International Assets Investment Management LLC grew its stake in Valero Energy by 12,883.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after buying an additional 1,039,293 shares in the last quarter. Acadian Asset Management LLC grew its stake in Valero Energy by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after buying an additional 426,093 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Valero Energy by 18.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock valued at $310,655,000 after purchasing an additional 376,449 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Valero Energy by 721.4% in the 4th quarter. Bank of Nova Scotia now owns 337,911 shares of the oil and gas company’s stock valued at $43,927,000 after purchasing an additional 296,771 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLO. Citigroup upped their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Mizuho upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $175.00 in a report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Valero Energy from $156.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Piper Sandler decreased their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $172.07.

Insider Transactions at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $0.16 during trading on Friday, reaching $157.16. 580,480 shares of the company traded hands, compared to its average volume of 3,060,256. The firm has a 50 day simple moving average of $153.75 and a 200-day simple moving average of $152.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $51.39 billion, a PE ratio of 7.73, a P/E/G ratio of 1.88 and a beta of 1.42. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.40 EPS. Equities research analysts anticipate that Valero Energy Co. will post 13.18 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.