AXQ Capital LP Decreases Stake in Valero Energy Co. (NYSE:VLO)

AXQ Capital LP trimmed its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,486 shares of the oil and gas company's stock after selling 10,898 shares during the period. AXQ Capital LP's holdings in Valero Energy were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. Providence Wealth Advisors LLC raised its holdings in shares of Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after purchasing an additional 75 shares during the period. Segment Wealth Management LLC increased its position in Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock worth $606,000 after buying an additional 81 shares during the last quarter. Silver Coast Investments LLC raised its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock valued at $622,000 after buying an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. lifted its position in shares of Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock valued at $575,000 after buying an additional 90 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after acquiring an additional 94 shares during the period. 78.69% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLO shares. Piper Sandler dropped their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped their price objective 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. Mizuho reduced their target price 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. Finally, Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $156.08.

Valero Energy Trading Up 0.1 %

Shares of NYSE:VLO traded up $0.07 during trading on Tuesday, reaching $132.02. The stock had a trading volume of 1,575,923 shares, compared to its average volume of 2,771,888. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The firm's fifty day moving average is $133.93 and its 200 day moving average is $133.36. The stock has a market cap of $41.58 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. 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 (NYSE:VLO - Get Free Report) last released its quarterly earnings data 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, equities analysts forecast 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. Shareholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's payout ratio is currently 53.30%.

About Valero Energy

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.