Generali Asset Management SPA SGR bought a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,432 shares of the oil and gas company's stock, valued at approximately $4,098,000.
Several other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy in the fourth quarter worth $25,000. Tobam purchased a new stake in shares of Valero Energy in the 4th quarter worth about $30,000. True Wealth Design LLC increased its stake in shares of 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 acquiring an additional 183 shares in the last quarter. OFI Invest Asset Management bought a new stake in Valero Energy during the fourth quarter worth about $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy in the fourth quarter worth about $38,000. Institutional investors own 78.69% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Mizuho dropped their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average target price of $156.08.
Read Our Latest Analysis on VLO
Valero Energy Stock Performance
Shares of VLO stock traded down $3.41 during trading hours on Friday, reaching $131.42. The company had a trading volume of 6,736,251 shares, compared to its average volume of 2,765,665. The firm has a market cap of $41.39 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The business has a fifty day moving average price of $133.96 and a 200-day moving average price of $133.43. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.
Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results 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 net margin of 2.13% and a return on equity of 9.58%. Sell-side analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.
Valero Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.44%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.
Valero Energy Company Profile
(
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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