Bank of Montreal Can Decreases Stake in Valero Energy Co. (NYSE:VLO)

Bank of Montreal Can cut its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,750 shares of the oil and gas company's stock after selling 19,783 shares during the quarter. Bank of Montreal Can owned 0.19% of Valero Energy worth $74,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Quantinno Capital Management LP raised its position in Valero Energy by 25.7% during the 3rd quarter. Quantinno Capital Management LP now owns 17,875 shares of the oil and gas company's stock valued at $2,414,000 after purchasing an additional 3,659 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in Valero Energy by 256.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 10,292 shares of the oil and gas company's stock valued at $1,390,000 after purchasing an additional 7,405 shares during the period. National Bank of Canada FI raised its holdings in Valero Energy by 39.1% in the 3rd quarter. National Bank of Canada FI now owns 150,894 shares of the oil and gas company's stock worth $20,375,000 after purchasing an additional 42,410 shares in the last quarter. Zacks Investment Management lifted its holdings in Valero Energy by 16.5% in the third quarter. Zacks Investment Management now owns 4,246 shares of the oil and gas company's stock worth $573,000 after buying an additional 600 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in Valero Energy by 6.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,188 shares of the oil and gas company's stock valued at $2,996,000 after acquiring an additional 1,438 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James decreased their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Scotiabank decreased their target price 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 target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company reduced their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.46.

Valero Energy Stock Performance

Shares of Valero Energy stock traded down $1.09 on Monday, hitting $109.61. 608,812 shares of the company's stock were exchanged, compared to its average volume of 2,969,735. The stock has a market capitalization of $34.52 billion, a PE ratio of 12.93, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a 50-day simple moving average of $127.99 and a 200-day simple moving average of $131.70. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $174.94.

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

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.12%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's dividend payout ratio is presently 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.