8,435 Valero Energy Corporation $VLO Shares Sold by Carmel Capital Management L.L.C.

Key Points

• Carmel Capital Management cut its Valero stake by 12.8%, selling 8,435 shares; it retained 57,498 shares valued at about $22.3 million, representing 5.2% of its portfolio.
• Valero reported quarterly EPS of $23.90, beating estimates of $21.17, while revenue rose 43.3% year over year. It reaffirmed a $1.20 quarterly dividend.
• Valero plans to buy a former Houston refinery site for $320.5 million and aims to restart 165,000 barrels per day of capacity by 2027.

Carmel Capital Management L.L.C. reduced its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,498 shares of the oil and gas company's stock after selling 8,435 shares during the quarter. Valero Energy makes up 5.2% of Carmel Capital Management L.L.C.'s investment portfolio, making the stock its 6th largest holding. Carmel Capital Management L.L.C.'s holdings in Valero Energy were worth $22,287,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Valero Energy by 11.4% during 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 purchasing an additional 516,975 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Valero Energy by 9.4% in 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 buying an additional 254,604 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Valero Energy by 18.4% in 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 buying an additional 442,177 shares during the last quarter. Amundi boosted its holdings in shares of Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company's stock worth $638,695,000 after buying an additional 806,018 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Valero Energy by 33.9% during the 2nd 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 worth $536,074,000 after buying an additional 520,642 shares during the period. Institutional investors own 78.69% of the company's stock.

Key Stories Impacting Valero Energy

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 opened at $387.16 on Wednesday. Valero Energy Corporation has a 1-year low of $159.90 and a 1-year high of $461.52. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $111.47 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.20 and a beta of 0.58. The business has a 50 day moving average of $399.09 and a 200-day moving average of $287.06.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The business had revenue of $46.10 billion for the quarter, compared to the consensus estimate of $42.71 billion. During the same quarter last year, the company posted $3.66 earnings per share. Valero Energy's quarterly revenue was up 43.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Valero Energy Corporation will post 57.42 earnings per share for the current year.

Valero Energy Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Valero Energy from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, October 29th. The Goldman Sachs Group boosted their target price on shares of Valero Energy from $365.00 to $457.00 and gave the stock a "buy" rating in a research report on Wednesday, September 23rd. Raymond James Financial upped their price target on shares of Valero Energy from $350.00 to $450.00 and gave the company a "strong-buy" rating in a report on Monday, September 14th. TD Cowen raised their price target on Valero Energy from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Thursday, October 22nd. Finally, UBS Group reaffirmed a "buy" rating and issued a $467.00 price target on shares of Valero Energy in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.47.

Valero Energy Company 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.

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