Vise Technologies Inc. Has $1.17 Million Holdings in Valero Energy Corporation $VLO

Vise Technologies Inc. raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 37.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,160 shares of the oil and gas company’s stock after buying an additional 1,938 shares during the quarter. Vise Technologies Inc.’s holdings in Valero Energy were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in shares of Valero Energy by 2.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 55,881 shares of the oil and gas company’s stock worth $9,096,000 after buying an additional 1,164 shares during the last quarter. State of Wyoming acquired a new position in shares of Valero Energy during the fourth quarter worth approximately $644,000. TD Asset Management Inc lifted its holdings in shares of Valero Energy by 46.0% during the fourth quarter. TD Asset Management Inc now owns 209,277 shares of the oil and gas company’s stock worth $34,068,000 after buying an additional 65,914 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Valero Energy by 74.1% during the fourth quarter. Cibc World Market Inc. now owns 193,901 shares of the oil and gas company’s stock worth $31,565,000 after buying an additional 82,542 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of Valero Energy by 0.9% during the fourth quarter. Lido Advisors LLC now owns 118,064 shares of the oil and gas company’s stock worth $19,627,000 after buying an additional 1,065 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $258.03 on Tuesday. The business has a fifty day simple moving average of $244.87 and a 200 day simple moving average of $210.52. 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 firm has a market capitalization of $76.62 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.38 and a beta of 0.55. Valero Energy Corporation has a one year low of $128.02 and a one year high of $265.61.

Valero Energy (NYSE:VLO) 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. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Valero Energy Corporation will post 26.51 EPS 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 paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio is currently 34.88%.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the completion of the transaction, the senior vice president directly owned 42,242 shares in the company, valued at $9,618,080.98. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Scotiabank upped their target price on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their target price on Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. 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 note on Monday, May 4th. Finally, Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target 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.