111 Capital Sells 3,055 Shares of Valero Energy Corporation $VLO

111 Capital cut its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 66.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,519 shares of the oil and gas company's stock after selling 3,055 shares during the period. 111 Capital's holdings in Valero Energy were worth $396,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VLO. Norges Bank acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $1,111,542,000. Arrowstreet Capital Limited Partnership acquired a new position in Valero Energy in the 3rd quarter valued at approximately $275,239,000. Pacer Advisors Inc. raised its stake in shares of Valero Energy by 2,635.7% during the fourth quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company's stock valued at $154,736,000 after acquiring an additional 915,782 shares during the last quarter. Amundi raised its stake in shares of Valero Energy by 45.3% during the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company's stock valued at $638,695,000 after acquiring an additional 806,018 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Valero Energy by 49.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company's stock worth $276,224,000 after purchasing an additional 560,116 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 0.5%

Valero Energy stock opened at $341.36 on Friday. The company has a market capitalization of $98.29 billion, a PE ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $135.01 and a 12-month high of $346.09. The firm's fifty day moving average is $283.92 and its 200 day moving average is $247.97. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts' consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion during the quarter, compared to analysts' expectations of $39.47 billion. During the same period last year, the company posted $2.28 earnings per share. The business's quarterly revenue was up 48.8% on a year-over-year basis. As a group, sell-side analysts predict that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a $1.20 dividend. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy's dividend payout ratio (DPR) is currently 19.92%.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 19,742 shares of the company's stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VLO. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $292.00 to $356.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. The Goldman Sachs Group raised their target price on Valero Energy from $286.00 to $357.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Morgan Stanley raised their price target on shares of Valero Energy from $232.00 to $255.00 and gave the stock an "equal weight" rating in a report on Friday, June 12th. Raymond James Financial boosted their price target on shares of Valero Energy from $300.00 to $340.00 and gave the stock a "strong-buy" rating in a research report on Monday, July 13th. Finally, UBS Group upped their price objective on shares of Valero Energy from $280.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Two equities 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $288.00.

Valero Energy Company 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.

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