Envestnet Asset Management Inc. lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,208 shares of the oil and gas company's stock after selling 54,723 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of Valero Energy worth $76,154,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Valero Energy during the 4th quarter valued at $38,000. Finally, Creative Capital Management Investments LLC increased its position in Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Valero Energy Trading Up 0.2 %
Shares of Valero Energy stock traded up $0.17 during trading hours on Monday, reaching $110.87. The stock had a trading volume of 533,387 shares, compared to its average volume of 3,571,707. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $174.94. The firm has a market capitalization of $34.92 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 2.93 and a beta of 1.17. The firm has a 50 day simple moving average of $127.99 and a two-hundred day simple moving average of $131.70.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results 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, equities research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.
Valero Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. This is an increase from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio is currently 53.30%.
Wall Street Analyst Weigh In
VLO has been the topic of several recent research reports. Raymond James reduced their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler decreased 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 note on Friday, March 7th. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.
Check Out Our Latest Analysis on VLO
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.
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