Barometer Capital Management Inc. Invests $1.13 Million in Valero Energy Co. (NYSE:VLO)

Barometer Capital Management Inc. acquired a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,250 shares of the oil and gas company's stock, valued at approximately $1,134,000.

A number of other institutional investors have also recently bought and sold shares of VLO. Norges Bank bought a new position in shares of Valero Energy in the 4th quarter valued at approximately $669,400,000. Vanguard Group Inc. boosted its holdings in shares of Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after buying an additional 4,805,133 shares during the period. Raymond James Financial Inc. acquired a new position in Valero Energy in the 4th quarter valued at $132,469,000. Prudential Financial Inc. lifted its position in Valero Energy by 159.3% during the 4th quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company's stock worth $104,221,000 after acquiring an additional 522,233 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in 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 valued at $499,210,000 after acquiring an additional 487,022 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

Shares of NYSE VLO traded down $1.06 during mid-day trading on Monday, hitting $109.64. 723,623 shares of the stock were exchanged, compared to its average volume of 3,574,536. The company has a market cap of $34.53 billion, a P/E 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. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $174.94. The stock's fifty day simple moving average is $127.99 and its two-hundred day simple moving average is $131.70.

Remove Ads

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business 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 an increase from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.12%. Valero Energy's payout ratio is currently 53.30%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Scotiabank lowered their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday. Raymond James cut 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 note on Wednesday, April 9th. Mizuho dropped their price objective 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. Finally, Piper Sandler decreased their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.46.

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.