Amalgamated Bank Sells 2,499 Shares of Valero Energy Co. (NYSE:VLO)

Amalgamated Bank reduced its position in Valero Energy Co. (NYSE:VLO - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,633 shares of the oil and gas company's stock after selling 2,499 shares during the quarter. Amalgamated Bank's holdings in Valero Energy were worth $7,433,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. abrdn plc increased its stake in Valero Energy by 2.9% in the third quarter. abrdn plc now owns 430,867 shares of the oil and gas company's stock valued at $58,122,000 after purchasing an additional 12,212 shares during the period. Boston Financial Mangement LLC acquired a new position in Valero Energy in the 3rd quarter valued at about $216,000. Integrated Advisors Network LLC raised its stake in Valero Energy by 5.6% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,614 shares of the oil and gas company's stock valued at $758,000 after acquiring an additional 297 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Valero Energy by 17.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,055 shares of the oil and gas company's stock worth $686,000 after acquiring an additional 733 shares during the period. Finally, Fidelis Capital Partners LLC grew its stake in shares of Valero Energy by 4.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 11,675 shares of the oil and gas company's stock valued at $1,551,000 after purchasing an additional 536 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.7 %

Shares of VLO traded up $0.96 during midday trading on Friday, hitting $130.59. The stock had a trading volume of 3,847,657 shares, compared to its average volume of 3,156,024. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $41.34 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The business has a 50-day simple moving average of $132.06 and a two-hundred day simple moving average of $135.14.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 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, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.46%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy's payout ratio is currently 53.30%.

Analyst Ratings Changes

Several equities research analysts have recently commented on VLO shares. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 10th. Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Barclays lowered their price objective on Valero Energy from $146.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.46.

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.