Kathmere Capital Management LLC Acquires 2,512 Shares of Valero Energy Corporation $VLO

Kathmere Capital Management LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 53.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,255 shares of the oil and gas company’s stock after acquiring an additional 2,512 shares during the quarter. Kathmere Capital Management LLC’s holdings in Valero Energy were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its position in Valero Energy by 0.6% in the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after acquiring an additional 42 shares during the period. CYBER HORNET ETFs LLC grew its position in shares of Valero Energy by 5.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 51 shares during the period. Bruce G. Allen Investments LLC grew its position in shares of Valero Energy by 32.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 51 shares during the period. Providence Wealth Advisors LLC increased its stake in shares of Valero Energy by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock worth $1,564,000 after purchasing an additional 52 shares in the last quarter. Finally, KPP Advisory Services LLC increased its stake in shares of Valero Energy by 2.5% in the 1st quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock worth $533,000 after purchasing an additional 52 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Valero Energy Trading Up 0.1%

VLO stock opened at $267.99 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $274.92. The stock has a market capitalization of $79.57 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. The firm’s fifty day simple moving average is $249.73 and its two-hundred day simple moving average is $221.00.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.89 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, analysts anticipate that Valero Energy Corporation will post 28.37 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VLO. Raymond James Financial lifted their target price on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Wolfe Research restated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Scotiabank increased their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Mizuho increased their price target on shares of Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, UBS Group reissued a “buy” rating and set a $280.00 price objective 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, eleven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.59.

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.