Dana Investment Advisors Inc. Has $2.29 Million Position in Valero Energy Co. (NYSE:VLO)

Dana Investment Advisors Inc. cut its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,677 shares of the oil and gas company's stock after selling 2,379 shares during the period. Dana Investment Advisors Inc.'s holdings in Valero Energy were worth $2,290,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays decreased their price target on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Mizuho dropped their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.08.

Valero Energy Trading Down 3.0 %

Shares of Valero Energy stock traded down $3.75 during trading on Tuesday, hitting $123.05. The stock had a trading volume of 3,604,787 shares, compared to its average volume of 2,801,721. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The stock has a 50 day simple moving average of $132.91 and a 200 day simple moving average of $134.22. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $38.96 billion, a PE ratio of 14.51, a P/E/G ratio of 2.93 and a beta of 1.36.

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

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.67%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy's payout ratio is presently 53.30%.

Valero Energy Company 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.