Clearwave Capital LLC Invests $356,000 in Valero Energy Corporation $VLO

Clearwave Capital LLC bought a new stake in Valero Energy Corporation (NYSE:VLO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,186 shares of the oil and gas company’s stock, valued at approximately $356,000.

A number of other large investors have also added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in shares of Valero Energy in the third quarter valued at approximately $27,000. Torren Management LLC bought a new position in Valero Energy during the 4th quarter worth $30,000. AXS Investments LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth $32,000. Triumph Capital Management bought a new stake in shares of Valero Energy in the third quarter valued at about $35,000. Finally, University of Texas Texas AM Investment Management Co. grew its position in Valero Energy by 157.0% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 203 shares of the oil and gas company’s stock worth $33,000 after buying an additional 124 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VLO shares. UBS Group restated a “buy” rating and issued a $280.00 target price on shares of Valero Energy in a research report on Thursday, June 11th. TD Cowen lifted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Wolfe Research restated an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Two 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 given a Sell rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $245.59.

Valero Energy Stock Performance

Valero Energy stock opened at $236.50 on Friday. The business has a 50 day moving average of $245.11 and a 200-day moving average of $214.85. 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 Corporation has a 1 year low of $130.78 and a 1 year high of $265.61. The company has a market capitalization of $70.22 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.34 and a beta of 0.55.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 EPS. On average, equities research analysts predict that Valero Energy Corporation will post 27.45 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be issued a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 2.0%. Valero Energy’s payout ratio is presently 34.88%.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the sale, the senior vice president owned 27,242 shares in the company, valued at $6,453,629.80. This represents a 21.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by 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.