one8zero8 LLC bought a new position in Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,050 shares of the oil and gas company's stock, valued at approximately $3,928,000. Valero Energy comprises 0.8% of one8zero8 LLC's portfolio, making the stock its 24th biggest position.
Several other institutional investors have also recently made changes to their positions in VLO. Frank Rimerman Advisors LLC lifted its holdings in Valero Energy by 21.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,787 shares of the oil and gas company's stock valued at $464,000 after buying an additional 662 shares in the last quarter. Buckley Wealth Management LLC lifted its holdings in Valero Energy by 14.4% during the 4th quarter. Buckley Wealth Management LLC now owns 8,275 shares of the oil and gas company's stock valued at $1,014,000 after buying an additional 1,040 shares in the last quarter. United Capital Management of KS Inc. lifted its holdings in Valero Energy by 3.7% during the 4th quarter. United Capital Management of KS Inc. now owns 75,721 shares of the oil and gas company's stock valued at $9,283,000 after buying an additional 2,679 shares in the last quarter. Sienna Gestion lifted its holdings in Valero Energy by 55.0% during the 4th quarter. Sienna Gestion now owns 69,530 shares of the oil and gas company's stock valued at $8,522,000 after buying an additional 24,673 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in Valero Energy by 37.4% during the 4th quarter. Intact Investment Management Inc. now owns 29,600 shares of the oil and gas company's stock valued at $3,629,000 after buying an additional 8,050 shares in the last quarter. Institutional investors own 78.69% of the company's stock.
Valero Energy Stock Performance
NYSE:VLO traded up $1.16 during trading hours on Thursday, hitting $135.00. 2,857,993 shares of the company were exchanged, compared to its average volume of 2,763,720. The stock has a market capitalization of $42.52 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company's 50 day moving average price is $133.68 and its 200-day moving average price is $133.58.
Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.
Valero Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is currently 53.30%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on VLO. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler cut their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.08.
Read Our Latest Analysis on Valero Energy
About Valero Energy
(
Free Report)
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.
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