XTX Topco Ltd Acquires New Holdings in Valero Energy Corporation $VLO

XTX Topco Ltd purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,387 shares of the oil and gas company’s stock, valued at approximately $4,622,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in Valero Energy by 20.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 34,465 shares of the oil and gas company’s stock worth $4,633,000 after purchasing an additional 5,767 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Valero Energy by 10.4% during the second quarter. CreativeOne Wealth LLC now owns 6,234 shares of the oil and gas company’s stock worth $838,000 after acquiring an additional 588 shares during the last quarter. Fiducient Advisors LLC acquired a new stake in Valero Energy in the 2nd quarter worth approximately $289,000. Global Retirement Partners LLC acquired a new position in Valero Energy during the 2nd quarter valued at approximately $865,000. Finally, Waterloo Capital L.P. raised its holdings in shares of Valero Energy by 20.2% in the second quarter. Waterloo Capital L.P. now owns 4,561 shares of the oil and gas company’s stock worth $613,000 after buying an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler boosted their price target on Valero Energy from $201.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Mizuho raised their target price on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Barclays upped their target price on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Wells Fargo & Company lifted their price target on Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.00.

Valero Energy Stock Up 0.6%

Shares of VLO opened at $174.42 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm has a market cap of $53.20 billion, a P/E ratio of 36.41, a PEG ratio of 1.77 and a beta of 1.01. The stock’s 50 day moving average is $169.03 and its two-hundred day moving average is $150.32. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $185.62.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is presently 94.36%.

Insider Activity

In other news, CFO Jason W. Fraser sold 9,933 shares of Valero Energy 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 sale, the chief financial officer owned 134,196 shares of the company’s stock, valued at approximately $23,352,787.92. The trade was a 6.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

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.