Elevated Capital Advisors LLC Sells 2,905 Shares of Valero Energy Corporation $VLO

by · The Cerbat Gem

Elevated Capital Advisors LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 54.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,417 shares of the oil and gas company’s stock after selling 2,905 shares during the period. Elevated Capital Advisors LLC’s holdings in Valero Energy were worth $629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VLO. Whipplewood Advisors LLC grew its position in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Valero Energy in the third quarter worth about $27,000. Financial Life Planners bought a new position in Valero Energy during the 1st quarter worth about $28,000. Valued Wealth Advisors LLC increased its position in Valero Energy by 134.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $30,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VLO shares. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. TD Cowen boosted their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their target price on Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Barclays increased their price target on shares of Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.00.

View Our Latest Research Report on Valero Energy

Insider Activity

In related news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This trade represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Valero Energy Trading Down 0.5%

Valero Energy stock opened at $341.36 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The stock has a market cap of $98.29 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. The stock has a 50-day moving average of $283.92 and a two-hundred day moving average of $247.97. Valero Energy Corporation has a one year low of $135.01 and a one year high of $346.09.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. The firm had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. Valero Energy’s revenue was up 48.8% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. On average, research analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is 19.92%.

Valero Energy Profile

(Free Report)

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.

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