Corsicana & Co. Invests $1.47 Million in Valero Energy Corporation $VLO

Corsicana & Co. acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 8,647 shares of the oil and gas company’s stock, valued at approximately $1,472,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in shares of Valero Energy by 15.7% in the 2nd quarter. Federated Hermes Inc. now owns 161,957 shares of the oil and gas company’s stock worth $21,770,000 after buying an additional 21,997 shares during the last quarter. Hancock Whitney Corp grew its position in Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after acquiring an additional 3,790 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Valero Energy by 26.3% in the second quarter. J.W. Cole Advisors Inc. now owns 10,571 shares of the oil and gas company’s stock worth $1,421,000 after acquiring an additional 2,199 shares in the last quarter. Caldwell Trust Co bought a new stake in Valero Energy during the second quarter worth approximately $1,666,000. Finally, FORA Capital LLC purchased a new stake in Valero Energy during the first quarter valued at approximately $866,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VLO. Bank of America reissued a “neutral” rating and set a $195.00 target price (down previously from $198.00) on shares of Valero Energy in a research report on Thursday, December 11th. UBS Group reiterated a “buy” rating and set a $183.00 price objective on shares of Valero Energy in a research report on Friday, October 24th. Raymond James Financial restated a “strong-buy” rating and issued a $195.00 target price (up previously from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Barclays upped their price target on shares of Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Finally, TD Cowen increased their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.20.

Valero Energy Trading Up 0.5%

NYSE VLO opened at $162.80 on Friday. The stock has a market cap of $49.66 billion, a PE ratio of 33.99, a PEG ratio of 1.15 and a beta of 0.76. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $185.62. The company’s 50-day moving average price is $171.31 and its 200-day moving average price is $155.70. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, November 20th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.8%. Valero Energy’s dividend payout ratio is 94.36%.

Insider Buying and Selling

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the transaction, the chief financial officer directly owned 134,196 shares in the company, valued at $23,352,787.92. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Valero Energy 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.