Valero Energy Corporation $VLO Shares Bought by Brookstone Capital Management

Brookstone Capital Management increased its holdings in Valero Energy Corporation (NYSE:VLO) by 62.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,395 shares of the oil and gas company’s stock after buying an additional 4,001 shares during the period. Brookstone Capital Management’s holdings in Valero Energy were worth $1,692,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC lifted its holdings in Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Valero Energy during the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $34,000. Cypress Capital Management LLC WY acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $34,000. Finally, Triumph Capital Management bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $35,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.0%

VLO opened at $244.02 on Friday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $258.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market cap of $72.97 billion, a P/E ratio of 31.94, a P/E/G ratio of 0.61 and a beta of 0.62. The stock’s 50 day moving average price is $215.18 and its 200 day moving average price is $186.69.

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

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 2.0%. Valero Energy’s dividend payout ratio is currently 62.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VLO. Piper Sandler boosted their price objective on Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Argus upgraded Valero Energy to a “hold” rating in a research note on Monday, February 2nd. Citigroup boosted their price target on shares of Valero Energy from $190.00 to $212.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Mizuho restated a “neutral” rating and set a $192.00 price target (up from $190.00) on shares of Valero Energy in a research report on Friday, December 12th. Finally, Morgan Stanley increased their price objective on shares of Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.80.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $238.60, for a total value of $95,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.