BlackRock Fund Advisors has recently announced that it has increased stake in Valero Energy Corp. (NYSE:VLO) by 0.84%. After grabbing 18.59 million shares, the institutional investor is now in possession of 0.15 million shares of the Energy Company. The new investment brought the stake of investor firm to 5.46% having worth around $2.33 billion. Moreover, Morgan Stanley Smith Barney LLC increased its share by 90876.0 to have a control over 5.28 million shares. And Norges Bank Investment Management raised its holdings to 78584.0 shares by acquiring 4.22 million shares or 1.24% of the stake.
Valero Energy Corp. (VLO) concluded trading on December 20, 2023 at a closing price of $132.54, with 4.4 million shares of worth about $583.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.07% during that period and On Wednesday the price saw a loss of about -0.79%. Currently the company’s common shares owned by public are about 372.13M shares, out of which, 338.77M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 489,250 shares in 46 of the transactions. In 34 selling transactions, insiders dumped 383,736 shares.
Vanguard Total Stock Market ETF, SPDR Series – Energy Select Secto, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Valero Energy Corp. Vanguard Total Stock Market ETF is currently holding 11.05 million shares of worth totaling $1.39 billion. The company recently came buying 49838.0 shares which brought its stake up to 3.25% of the company’s outstanding shares. SPDR Series – Energy Select Secto sold -0.11 million shares, after which its hold over company’s outstanding shares shrunk to 2.92%, leaving 9.94 million shares with the mutual fund that have a worth of about $1.25 billion. Vanguard 500 Index Fund, after buying 8.53 million shares, have now control over 2.51% of the stake in the company. It holds 41311.0 shares of worth $1.07 billion.
However, the stock later moved at a day high price of 136.73, or with a loss of -0.79%. Stock saw a price change of 6.20% in past 5 days and over the past one month there was a price change of 6.26%. Year-to-date (YTD), VLO shares are showing a performance of 4.48% which increased to 10.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $104.18 but also hit the highest price of $152.20 during that period. The average intraday trading volume for Valero Energy Corp. shares is 3.47 million. The stock is currently trading 5.51% above its 20-day simple moving average (SMA20), while that difference is up 4.98% for SMA50 and it goes to 5.79% higher than SMA200.
BlackRock Fund Advisors acquired 18.59 million shares of Valero Energy Corp. having value of about $2.33 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.15 million shares in the company valued at close to $20487105.42, or have control over 0.84% stake in the company. Valero Energy Corp. (NYSE: VLO) currently have 372.13M outstanding shares and institutions hold larger chunk of about 80.23% of that. Holding of mutual funds in the company is about 36.90% while other institutional holders and individual stake holders have control over 43.90% and 1.83% of the stake respectively.
The stock has a current market capitalization of $45.12B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 4.52, while it has posted earnings per share of $29.33 in the same period. It has Quick Ratio of 1.08 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VLO, volatility over the week remained 2.50% while standing at 2.43% over the month.
Analysts are in expectations that Valero Energy Corp. (VLO) stock would likely to be making an EPS of $3.57 in the current quarter, while forecast for next quarter EPS is $3.03 and it is $14.43 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.96 which is $4.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $8.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.19% while it is estimated to decrease by -42.14% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Tudor Pickering Holt & Co. on October 30, 2023 offering a Hold rating for the stock and assigned a target price range of between $150 and $130 to it.
