Rexford Capital Inc. Makes New Investment in Valero Energy Corporation $VLO

Rexford Capital Inc. bought a new position in Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 7,254 shares of the oil and gas company’s stock, valued at approximately $975,000.

A number of other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. grew its holdings in shares of Valero Energy by 15.7% in the second quarter. Federated Hermes Inc. now owns 161,957 shares of the oil and gas company’s stock worth $21,770,000 after acquiring an additional 21,997 shares during the period. Hancock Whitney Corp boosted its position in Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Valero Energy by 26.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,571 shares of the oil and gas company’s stock valued at $1,421,000 after purchasing an additional 2,199 shares during the period. FORA Capital LLC purchased a new stake in shares of Valero Energy during the 1st quarter valued at about $866,000. Finally, 1832 Asset Management L.P. lifted its stake in shares of Valero Energy by 20.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,436,759 shares of the oil and gas company’s stock worth $193,129,000 after purchasing an additional 244,675 shares during the period. 78.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the completion of the sale, the chief financial officer directly owned 134,196 shares of the company’s stock, valued at $23,352,787.92. This trade represents a 6.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Valero Energy Trading Down 2.1%

Shares of Valero Energy stock opened at $168.25 on Friday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $185.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The company has a market capitalization of $51.32 billion, a P/E ratio of 35.13, a P/E/G ratio of 0.85 and a beta of 0.76. The company has a fifty day moving average of $171.13 and a 200 day moving average of $154.48.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America restated a “neutral” rating and set a $195.00 target price (down from $198.00) on shares of Valero Energy in a research report on Thursday. TD Cowen boosted their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Erste Group Bank started coverage on Valero Energy in a research report on Monday, November 10th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.20.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.