Encore Global Management LP Purchases Shares of 19,800 Valero Energy Corporation $VLO

Encore Global Management LP acquired a new position in Valero Energy Corporation (NYSE:VLOFree Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 19,800 shares of the oil and gas company’s stock, valued at approximately $4,892,000. Valero Energy accounts for 3.4% of Encore Global Management LP’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds have also recently added to or reduced their stakes in VLO. Friedenthal Financial bought a new stake in shares of Valero Energy in the fourth quarter valued at approximately $954,000. Robeco Institutional Asset Management B.V. raised its stake in Valero Energy by 24.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 565,171 shares of the oil and gas company’s stock valued at $92,004,000 after purchasing an additional 112,118 shares during the last quarter. Whittier Trust Co. boosted its holdings in Valero Energy by 2.8% in the 4th quarter. Whittier Trust Co. now owns 212,104 shares of the oil and gas company’s stock valued at $37,812,000 after purchasing an additional 5,694 shares during the period. V Square Quantitative Management LLC acquired a new stake in Valero Energy in the 4th quarter worth $1,079,000. Finally, Sierra Summit Advisors LLC increased its holdings in shares of Valero Energy by 2,325.2% during the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock worth $5,922,000 after purchasing an additional 34,878 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy News Roundup

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

Insider Buying and Selling

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 shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VLO has been the subject of several research reports. Wolfe Research reiterated an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. TD Cowen raised their price objective on Valero Energy from $292.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Scotiabank boosted their price objective on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Raymond James Financial raised their target price on Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 13th. Finally, Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $266.71.

Check Out Our Latest Stock Analysis on VLO

Valero Energy Trading Down 1.8%

Shares of VLO opened at $299.32 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The stock has a market cap of $88.88 billion, a PE ratio of 21.75, a PEG ratio of 0.20 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $130.78 and a 1 year high of $320.24. The stock has a 50 day simple moving average of $266.89 and a 200-day simple moving average of $236.48.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, sell-side analysts predict that Valero Energy Corporation will post 36.46 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.

About Valero Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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