Valero Energy Corporation $VLO Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,486 shares of the oil and gas company’s stock after selling 1,814 shares during the quarter. Fulton Bank N.A.’s holdings in Valero Energy were worth $2,991,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vista Investment Partners LLC boosted its position in shares of Valero Energy by 190.2% during the 2nd quarter. Vista Investment Partners LLC now owns 3,418 shares of the oil and gas company’s stock valued at $890,000 after acquiring an additional 2,240 shares during the last quarter. Steadtrust LLC acquired a new stake in Valero Energy during the second quarter worth about $531,000. Sapient Capital LLC raised its stake in Valero Energy by 12.4% during the second quarter. Sapient Capital LLC now owns 38,615 shares of the oil and gas company’s stock worth $10,057,000 after purchasing an additional 4,254 shares during the period. Allied Private Wealth LLC purchased a new position in Valero Energy during the second quarter worth about $110,000. Finally, Arista Wealth Management LLC boosted its holdings in Valero Energy by 45.1% in the 2nd quarter. Arista Wealth Management LLC now owns 5,167 shares of the oil and gas company’s stock valued at $1,346,000 after purchasing an additional 1,605 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VLO shares. Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a report on Monday, August 3rd. TD Cowen increased their price objective on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Barclays raised their target price on Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wolfe Research restated an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Finally, Mizuho upped their price target on Valero Energy from $289.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $288.00.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $314.58 on Tuesday. The business has a 50-day moving average of $277.85 and a 200 day moving average of $244.24. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $320.24. The stock has a market capitalization of $90.58 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. The company had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. As a group, sell-side analysts forecast that Valero Energy Corporation will post 39.55 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.

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.