Edgestream Partners L.P. Raises Position in Valero Energy Co. (NYSE:VLO)

Edgestream Partners L.P. lifted its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 134.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,875 shares of the oil and gas company's stock after buying an additional 22,852 shares during the quarter. Edgestream Partners L.P.'s holdings in Valero Energy were worth $4,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the 4th quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in shares of Valero Energy during the 3rd quarter valued at $28,000. Tobam purchased a new stake in Valero Energy during the 4th quarter worth about $30,000. True Wealth Design LLC boosted its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Valero Energy during the 3rd quarter valued at about $38,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 1.9 %

Shares of Valero Energy stock traded up $2.32 on Wednesday, hitting $125.35. The stock had a trading volume of 2,857,101 shares, compared to its average volume of 2,803,701. The stock's 50-day simple moving average is $132.92 and its two-hundred day simple moving average is $134.06. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. 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 stock has a market cap of $39.48 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.93 and a beta of 1.36.

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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 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is currently 53.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VLO shares. 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 cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. 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 report on Friday, March 7th. Finally, Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $156.08.

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.