Procyon Advisors LLC Raises Stake in Valero Energy Corporation $VLO

Procyon Advisors LLC increased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,097 shares of the oil and gas company’s stock after acquiring an additional 2,532 shares during the period. Procyon Advisors LLC’s holdings in Valero Energy were worth $6,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $33,000. Anchor Investment Management LLC grew its stake in shares of Valero Energy by 0.5% in the 1st quarter. Anchor Investment Management LLC now owns 15,357 shares of the oil and gas company’s stock worth $3,794,000 after buying an additional 77 shares during the last quarter. Diversify Wealth Management LLC bought a new position in Valero Energy during the 1st quarter valued at approximately $530,000. Valmark Advisers Inc. bought a new position in Valero Energy during the 1st quarter valued at approximately $241,000. Finally, Welch & Forbes LLC raised its stake in Valero Energy by 0.3% during the first quarter. Welch & Forbes LLC now owns 23,320 shares of the oil and gas company’s stock valued at $5,762,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero’s Gulf Coast refining network is benefiting from strong fuel demand, elevated crack spreads, and rising exports, which should support refining profitability. Strong Fuel Demand & Elevated Crack Spreads Support Valero’s Outlook
• Positive Sentiment: Valero’s recent Russell reclassification into larger-cap and growth benchmarks may be drawing incremental index demand for the stock, while lower crude costs can help preserve refining margins. Why Valero (VLO) Is Up 5.0% After Russell Reclassification And Refining Margin Tailwinds
• Positive Sentiment: Renewed Middle East tensions and rising oil prices are keeping refining margins in focus, which can be supportive for Valero if crude costs remain softer than product prices. Can Valero Energy Benefit From Renewed Middle East Tensions?
• Neutral Sentiment: Valero is also being highlighted as a trending stock, which signals elevated investor attention but does not by itself change fundamentals. Valero Energy Corporation (VLO) Is a Trending Stock: Facts to Know Before Betting on It

Wall Street Analyst Weigh In

VLO has been the topic of a number of recent research reports. Citigroup increased their target price on Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. BMO Capital Markets lifted their price target on Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Piper Sandler upped their price target on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded shares of Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, UBS Group restated 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, ten have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.59.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Price Performance

Shares of VLO opened at $280.54 on Monday. The firm has a fifty day simple moving average of $253.35 and a two-hundred day simple moving average of $224.99. The firm has a market cap of $83.30 billion, a PE ratio of 20.39, a P/E/G ratio of 0.35 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 1-year low of $130.78 and a 1-year high of $287.05.

Valero Energy (NYSE:VLO) last announced its 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. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Corporation will post 31.04 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

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.