Aster Capital Management DIFC Ltd cut its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,931 shares of the oil and gas company's stock after selling 3,617 shares during the period. Aster Capital Management DIFC Ltd's holdings in Valero Energy were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the fourth quarter valued at approximately $25,000. Tobam bought a new stake in Valero Energy in the fourth quarter valued at $30,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy during the fourth quarter valued at about $38,000. OFI Invest Asset Management bought a new position in shares of Valero Energy during the 4th quarter worth about $37,000. Finally, Creative Capital Management Investments LLC increased its position in Valero Energy by 122.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after buying an additional 183 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Stock Performance
Shares of NYSE VLO traded up $1.58 during mid-day trading on Friday, reaching $110.59. 3,775,376 shares of the company's stock were exchanged, compared to its average volume of 2,976,695. The firm has a market capitalization of $34.83 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The firm has a 50-day moving average price of $127.99 and a two-hundred day moving average price of $131.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $178.39.
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, 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%. Analysts predict 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. Shareholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 4.09%. Valero Energy's payout ratio is presently 53.30%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank decreased their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday. Piper Sandler dropped their price objective 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. Raymond James decreased their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.46.
View Our Latest Stock Analysis on VLO
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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