Valero Energy Co. (NYSE:VLO) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,115 shares of the oil and gas company's stock after acquiring an additional 6,228 shares during the period. Cibc World Markets Corp's holdings in Valero Energy were worth $6,144,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy during the fourth quarter worth $25,000. Tobam purchased a new stake in Valero Energy during the fourth quarter worth $30,000. True Wealth Design LLC boosted its holdings in 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 buying an additional 183 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Valero Energy during the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter worth $38,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler decreased their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Mizuho decreased 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

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Valero Energy Price Performance

Shares of NYSE VLO traded down $3.41 during mid-day trading on Friday, reaching $131.42. The company's stock had a trading volume of 6,736,251 shares, compared to its average volume of 2,768,589. The stock has a 50-day moving average of $133.96 and a two-hundred day moving average of $133.48. The stock has a market capitalization of $41.39 billion, a P/E ratio of 15.50, 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 Co. has a 1-year low of $116.84 and a 1-year high of $184.79.

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 (EPS) 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%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. 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 payout ratio is 53.30%.

Valero Energy Profile

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.