Valero Energy Co. (NYSE:VLO) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,813 shares of the oil and gas company's stock after selling 14,772 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Valero Energy were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at $25,000. Tobam purchased a new position in Valero Energy in the fourth quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in shares of Valero Energy during the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC increased its stake in shares of Valero Energy by 122.0% in 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 purchasing an additional 183 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Up 1.4 %

NYSE:VLO traded up $1.58 during trading hours on Friday, hitting $110.59. The company had a trading volume of 3,775,376 shares, compared to its average volume of 2,978,792. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $174.94. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $127.99 and a 200 day moving average of $131.70. The company has a market cap of $34.83 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.93 and a beta of 1.17.

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

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 4.09%. Valero Energy's dividend payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Scotiabank cut their price target 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 objective 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. Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Raymond James decreased their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research note on Wednesday. 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. According to data from MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $152.46.

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.