Intact Investment Management Inc. Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Intact Investment Management Inc. raised its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,600 shares of the oil and gas company's stock after purchasing an additional 8,050 shares during the quarter. Intact Investment Management Inc.'s holdings in Valero Energy were worth $3,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VLO. GSA Capital Partners LLP bought a new stake in Valero Energy during the third quarter valued at approximately $1,176,000. Aptus Capital Advisors LLC lifted its holdings in shares of Valero Energy by 5.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,585 shares of the oil and gas company's stock worth $754,000 after acquiring an additional 301 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Valero Energy by 1.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,497 shares of the oil and gas company's stock worth $3,443,000 after acquiring an additional 304 shares during the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Valero Energy by 16.6% in the 3rd quarter. Plato Investment Management Ltd now owns 2,088 shares of the oil and gas company's stock worth $282,000 after acquiring an additional 298 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Valero Energy by 13.1% in the 3rd quarter. Metis Global Partners LLC now owns 17,583 shares of the oil and gas company's stock worth $2,374,000 after acquiring an additional 2,036 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lowered their price objective 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. Wells Fargo & Company lowered 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. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

Valero Energy Stock Up 1.4 %

Shares of Valero Energy stock traded up $1.86 during trading on Wednesday, hitting $133.89. The company's stock had a trading volume of 3,968,277 shares, compared to its average volume of 2,768,487. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a fifty day simple moving average of $133.50 and a two-hundred day simple moving average of $133.58. The company has a market capitalization of $42.17 billion, a PE ratio of 15.79, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is currently 53.30%.

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.