Marble Wealth LLC Purchases Shares of 3,797 Valero Energy Corporation $VLO

Marble Wealth LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,797 shares of the oil and gas company’s stock, valued at approximately $618,000.

A number of other hedge funds also recently bought and sold shares of VLO. Barclays PLC increased its holdings in shares of Valero Energy by 5.3% in the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after acquiring an additional 209,597 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of Valero Energy by 33.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after acquiring an additional 10,634 shares during the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Valero Energy by 13.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 115,183 shares of the oil and gas company’s stock valued at $19,612,000 after acquiring an additional 13,923 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Valero Energy in the 4th quarter valued at about $954,000. Finally, CWA Asset Management Group LLC increased its holdings in shares of Valero Energy by 359.0% in the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock valued at $2,319,000 after acquiring an additional 11,140 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Stock Up 1.4%

Valero Energy stock opened at $261.93 on Thursday. Valero Energy Corporation has a twelve month low of $125.50 and a twelve month high of $265.61. The stock has a 50 day moving average of $243.88 and a two-hundred day moving average of $208.92. 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 capitalization of $77.77 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.38 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts expect that Valero Energy Corporation will post 26.51 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Wall Street Analyst Weigh In

VLO has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Citigroup increased their price objective on Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley upped their target price on Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Barclays upped their target price on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, TD Cowen upped their target price on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

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.