Franklin Resources Inc. grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,759,172 shares of the oil and gas company's stock after buying an additional 71,587 shares during the period. Franklin Resources Inc. owned 1.50% of Valero Energy worth $583,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in VLO. Asset Management One Co. Ltd. lifted its position in Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after acquiring an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at about $1,226,000. Hudson Capital Management LLC grew its stake in Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock worth $3,897,000 after buying an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth approximately $274,000. Finally, Captrust Financial Advisors lifted its stake in Valero Energy by 7.5% in the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company's stock valued at $12,121,000 after buying an additional 6,278 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Price Performance
VLO traded up $0.03 during trading on Wednesday, reaching $133.77. 2,410,150 shares of the stock were exchanged, compared to its average volume of 2,881,570. 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 company has a market capitalization of $42.13 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The business's 50 day moving average price is $133.17 and its two-hundred day moving average price is $133.30.
Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 yield of 3.38%. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is 53.30%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on VLO. Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Piper Sandler dropped their price objective 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. Finally, Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.67.
Read Our Latest Stock Report on Valero Energy
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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