New Age Alpha Advisors 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 filing with the SEC. The institutional investor bought 8,131 shares of the oil and gas company's stock, valued at approximately $997,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock valued at $4,257,024,000 after purchasing an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after buying an additional 413,963 shares during the period. Norges Bank purchased a new stake in Valero Energy during the fourth quarter worth about $669,400,000. Franklin Resources Inc. raised its position in Valero Energy by 5.6% in the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company's stock worth $639,268,000 after acquiring an additional 247,630 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Valero Energy by 13.6% in the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock valued at $499,210,000 after acquiring an additional 487,022 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on VLO shares. Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $152.67.
View Our Latest Report on Valero Energy
Valero Energy Price Performance
VLO traded down $19.21 on Thursday, reaching $114.41. The company had a trading volume of 9,512,126 shares, compared to its average volume of 2,907,883. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 52-week low of $114.04 and a 52-week high of $184.79. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.93 and a beta of 1.36. The business has a 50 day simple moving average of $133.17 and a 200 day simple moving average of $133.30.
Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) 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, sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.
Valero Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. This is an increase from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.95%. Valero Energy's payout ratio is presently 53.30%.
Valero Energy Company Profile
(
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.
Featured Articles
Before you consider Valero Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valero Energy wasn't on the list.
While Valero Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
