Journey Advisory Group LLC Purchases 13,898 Shares of Valero Energy Corporation $VLO

by · The Cerbat Gem

Journey Advisory Group LLC boosted its position in Valero Energy Corporation (NYSE:VLOFree Report) by 377.7% during the 4th quarter, Holdings Channel reports. The fund owned 17,578 shares of the oil and gas company’s stock after buying an additional 13,898 shares during the period. Journey Advisory Group LLC’s holdings in Valero Energy were worth $2,862,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VLO. JPL Wealth Management LLC bought a new stake in Valero Energy during the 3rd quarter valued at $27,000. Highline Wealth Partners LLC grew its holdings in shares of Valero Energy by 70.2% during the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in shares of Valero Energy during the third quarter valued at about $34,000. Triumph Capital Management bought a new stake in shares of Valero Energy during the third quarter worth about $35,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 125 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.1%

Shares of NYSE:VLO opened at $223.79 on Monday. Valero Energy Corporation has a 1 year low of $106.83 and a 1 year high of $258.43. The company has a market capitalization of $66.92 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 0.46 and a beta of 0.62. The business has a fifty day moving average price of $225.31 and a two-hundred day moving average price of $191.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.64 and a quick ratio of 1.11.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a net margin of 1.91% and a return on equity of 12.35%. The company had revenue of $30.37 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a $1.20 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Valero Energy’s payout ratio is presently 62.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VLO shares. Wells Fargo & Company raised their price target on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. UBS Group boosted their price objective on Valero Energy from $215.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Raymond James Financial raised their target price on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Zacks Research cut Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Barclays upped their price target on Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Get Our Latest Stock Report on Valero Energy

Insider Buying and Selling

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 of the company’s stock, valued at approximately $9,618,080.98. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

About Valero Energy

(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.

See Also

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