Greenland Capital Management LP Buys New Stake in Valero Energy Corporation $VLO

Greenland Capital Management LP acquired a new stake in Valero Energy Corporation (NYSE:VLO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,530 shares of the oil and gas company’s stock, valued at approximately $398,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after purchasing an additional 163,975 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after buying an additional 63,919 shares in the last quarter. Norges Bank acquired a new stake in shares of Valero Energy during the 4th quarter valued at approximately $1,111,542,000. Franklin Resources Inc. lifted its position in shares of Valero Energy by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after acquiring an additional 394,693 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Valero Energy by 11.4% during the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Valero Energy

In related news, SVP Eric Fisher sold 7,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VLO. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. The Goldman Sachs Group raised their price target on Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Citigroup lifted their target price on shares of Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Barclays upped their price objective on Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $296.18.

Valero Energy Trading Up 0.1%

VLO stock opened at $370.94 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The company has a market cap of $106.80 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.42 and a beta of 0.57. The business has a fifty day simple moving average of $317.34 and a 200-day simple moving average of $266.53. Valero Energy Corporation has a 52 week low of $153.20 and a 52 week high of $375.11.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The firm had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post 41.15 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were issued a dividend of $1.20 per share. The ex-dividend date was Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. Valero Energy’s payout ratio is presently 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.