AGF Management Ltd. Trims Stake in Valero Energy Co. (NYSE:VLO)

AGF Management Ltd. reduced its position in Valero Energy Co. (NYSE:VLO - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,879 shares of the oil and gas company's stock after selling 20,253 shares during the quarter. AGF Management Ltd.'s holdings in Valero Energy were worth $16,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $1,311,864,000 after acquiring an additional 413,963 shares during the period. Franklin Resources Inc. lifted its stake in shares of Valero Energy by 5.6% during 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 buying an additional 247,630 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Valero Energy by 13.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock worth $499,210,000 after buying an additional 487,022 shares during the period. Wellington Management Group LLP lifted its stake in shares of Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock worth $384,907,000 after buying an additional 2,793,607 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Valero Energy by 6.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company's stock worth $342,090,000 after purchasing an additional 151,200 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Down 3.0 %

VLO opened at $123.05 on Wednesday. The firm's 50-day simple moving average is $132.92 and its 200-day simple moving average is $134.06. 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 twelve month low of $116.84 and a twelve month high of $184.79. The firm has a market cap of $38.76 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.93 and a beta of 1.36.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.67%. 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 dividend payout ratio is presently 53.30%.

Analyst Ratings Changes

A number of research firms have weighed in on VLO. 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 decreased their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Mizuho reduced their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $156.08.

Valero Energy Company 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.

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