90,000 Shares in Valero Energy Co. (NYSE:VLO) Acquired by Boundary Creek Advisors LP

Boundary Creek Advisors LP purchased a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 90,000 shares of the oil and gas company's stock, valued at approximately $11,033,000. Valero Energy comprises 0.7% of Boundary Creek Advisors LP's holdings, making the stock its 9th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at about $25,000. Tobam acquired a new stake in shares of Valero Energy in the fourth quarter valued at approximately $30,000. True Wealth Design LLC grew its position in shares of Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 183 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Valero Energy during the fourth quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy in the 4th quarter valued at $38,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

VLO traded up $0.49 on Monday, hitting $132.00. 4,497,077 shares of the company were exchanged, compared to its average volume of 2,772,591. The business's fifty day moving average is $133.93 and its 200 day moving average is $133.36. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. 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 firm has a market capitalization of $41.58 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.

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

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. The ex-dividend date of this dividend 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 3.42%. Valero Energy's payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of recent research reports. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered their target price 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. 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. Based on data from MarketBeat, Valero Energy has an average rating of "Moderate Buy" and an average target price of $156.08.

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.