Bornite Capital Management LP Buys 99,900 Shares of Valero Energy Co. (NYSE:VLO)

Bornite Capital Management LP grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 65.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,100 shares of the oil and gas company’s stock after purchasing an additional 99,900 shares during the quarter. Valero Energy makes up about 7.2% of Bornite Capital Management LP’s holdings, making the stock its 3rd biggest position. Bornite Capital Management LP owned 0.08% of Valero Energy worth $43,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. increased its holdings in shares of Valero Energy by 2.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock valued at $648,000 after acquiring an additional 116 shares during the period. Stiles Financial Services Inc boosted its position in shares of Valero Energy by 49.7% during the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after purchasing an additional 2,529 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Valero Energy by 198.8% during the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after purchasing an additional 11,047 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Valero Energy by 214.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock worth $1,882,000 after purchasing an additional 9,871 shares in the last quarter. Finally, Choreo LLC boosted its position in shares of Valero Energy by 188.0% during the 4th quarter. Choreo LLC now owns 5,541 shares of the oil and gas company’s stock worth $720,000 after purchasing an additional 3,617 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the transaction, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Valero Energy Trading Down 1.0 %

Shares of Valero Energy stock traded down $1.67 during mid-day trading on Monday, hitting $157.45. 2,695,590 shares of the stock were exchanged, compared to its average volume of 3,076,638. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The stock has a market capitalization of $51.49 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The company has a 50-day simple moving average of $153.48 and a 200 day simple moving average of $153.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $5.40 EPS. Research analysts forecast that Valero Energy Co. will post 13.1 EPS for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 2.72%. Valero Energy’s payout ratio is currently 21.20%.

Analyst Ratings Changes

VLO has been the topic of several research analyst reports. TD Cowen decreased their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Scotiabank increased their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Citigroup increased their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.07.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.