Gallacher Capital Management LLC Acquires 1,476 Shares of Valero Energy Corporation $VLO

Gallacher Capital Management LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,476 shares of the oil and gas company’s stock, valued at approximately $572,000.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Valero Energy by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after purchasing an additional 254,604 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Valero Energy by 18.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares in the last quarter. Amundi raised its holdings in Valero Energy by 45.3% during the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after purchasing an additional 806,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Valero Energy by 33.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after purchasing an additional 520,642 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VLO shares. Wells Fargo & Company lifted their price objective on Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. The Goldman Sachs Group raised their price target on Valero Energy from $365.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Morgan Stanley lifted their price target on Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a research note on Monday. Bank of America upped their price objective on Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Finally, UBS Group reiterated a “buy” rating and issued a $467.00 price objective on shares of Valero Energy in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.47.

Key Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero plans to buy a former Houston refinery site from LyondellBasell for $320.5 million and restart 165,000 barrels per day of light-crude capacity by 2027. The acquisition could expand refining capacity and growth prospects, though the restart remains a future execution milestone. Valero to Acquire Houston Refining Site, Plans 165,000 BPD Restart
• Positive Sentiment: The board reaffirmed Valero’s quarterly dividend of $1.20 per share, supporting the stock’s income appeal. The article also characterizes the shares as potentially undervalued after their recent pullback. 11% Undervalued? Valero Energy Following Earnings And Dividend Decision
• Positive Sentiment: Valero was included in Zacks’ top growth-stock picks and in a roundup citing strong quarterly earnings, favorable refining conditions and improving growth prospects. These are supportive signals, though the selections are broad, list-based commentary. Best Growth Stocks to Buy for November 3rd
• Neutral Sentiment: Morgan Stanley raised its price target from $411 to $420 but maintained an “equal weight” rating, indicating a higher valuation view without a more bullish recommendation. Morgan Stanley price-target update
• Negative Sentiment: The dividend-and-valuation article notes that VLO had fallen 10.61% over the prior week and 6.11% over the prior month. That recent weakness could weigh on sentiment despite stronger longer-term returns and the announced refinery expansion. 11% Undervalued? Valero Energy Following Earnings And Dividend Decision

Valero Energy Stock Up 1.5%

VLO stock opened at $387.16 on Wednesday. The company has a market cap of $111.47 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.20 and a beta of 0.58. Valero Energy Corporation has a 52 week low of $159.90 and a 52 week high of $461.52. The company’s 50-day moving average price is $399.09 and its 200 day moving average price is $287.06. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The company had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same period last year, the company posted $3.66 earnings per share. The firm’s quarterly revenue was up 43.3% compared to the same quarter last year. On average, research analysts expect that Valero Energy Corporation will post 57.42 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Valero Energy’s payout ratio is 10.80%.

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.