DRW Securities LLC Buys New Stake in Valero Energy Co. (NYSE:VLO)

DRW Securities LLC bought a new stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,173 shares of the oil and gas company's stock, valued at approximately $1,492,000.

Several other institutional investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the fourth quarter worth $25,000. Tobam purchased a new stake in shares of Valero Energy during the fourth quarter worth about $30,000. Golden State Wealth Management LLC bought a new stake in Valero Energy during the 4th quarter valued at approximately $38,000. OFI Invest Asset Management purchased a new position in Valero Energy in the 4th quarter worth approximately $37,000. Finally, Creative Capital Management Investments LLC grew its holdings in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after buying an additional 183 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on VLO shares. Scotiabank dropped their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Raymond James lowered their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company cut their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.46.

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Valero Energy Stock Down 1.2 %

Shares of NYSE:VLO traded down $1.33 during trading hours on Tuesday, hitting $109.00. The company's stock had a trading volume of 942,463 shares, compared to its average volume of 2,971,570. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm's fifty day moving average price is $127.39 and its 200 day moving average price is $131.52. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $174.94. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating 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, research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 4.15%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is 53.30%.

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.