Donaldson Capital Management LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,576 shares of the oil and gas company's stock after selling 4,054 shares during the period. Donaldson Capital Management LLC's holdings in Valero Energy were worth $2,522,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the fourth quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in Valero Energy during the third quarter valued at about $28,000. Tobam purchased a new stake in Valero Energy during the fourth quarter valued at about $30,000. True Wealth Design LLC raised its position 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 valued at $37,000 after purchasing an additional 183 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter valued at about $38,000. Institutional investors own 78.69% of the company's stock.
Wall Street Analyst Weigh In
VLO has been the topic of a number of research reports. Piper Sandler lowered 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. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report 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 research report on Friday, January 31st. Finally, Mizuho lowered their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $156.08.
Read Our Latest Stock Analysis on VLO
Valero Energy Stock Up 0.5 %
Shares of VLO traded up $0.61 during mid-day trading on Thursday, reaching $125.79. The company had a trading volume of 3,295,636 shares, compared to its average volume of 2,796,518. 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 50-day moving average price of $133.02 and a 200 day moving average price of $133.94. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a market capitalization of $39.62 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.
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 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%. On average, sell-side analysts forecast 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 was Thursday, January 30th. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.59%. Valero Energy's dividend payout ratio is 53.30%.
About Valero Energy
(
Free Report)
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.
Featured Articles
Before you consider Valero Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valero Energy wasn't on the list.
While Valero Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
