Valero Energy Co. (NYSE:VLO) Position Reduced by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 98.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,501 shares of the oil and gas company's stock after selling 1,063,848 shares during the quarter. International Assets Investment Management LLC's holdings in Valero Energy were worth $1,540,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VLO. Main Street Financial Solutions LLC raised its stake in shares of Valero Energy by 5.7% in the second quarter. Main Street Financial Solutions LLC now owns 1,356 shares of the oil and gas company's stock valued at $213,000 after acquiring an additional 73 shares during the period. Quad Cities Investment Group LLC boosted its stake in Valero Energy by 1.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company's stock worth $655,000 after purchasing an additional 75 shares in the last quarter. Providence Wealth Advisors LLC grew its position in Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock worth $1,169,000 after purchasing an additional 75 shares during the last quarter. New Century Financial Group LLC increased its stake in Valero Energy by 5.0% during the 3rd quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company's stock valued at $231,000 after purchasing an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its holdings in shares of Valero Energy by 4.7% in the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company's stock worth $248,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

VLO stock traded up $1.22 on Thursday, reaching $125.21. 2,257,813 shares of the company's stock were exchanged, compared to its average volume of 2,252,136. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The stock has a fifty day moving average of $131.01 and a 200-day moving average of $139.26. The firm has a market cap of $39.64 billion, a PE ratio of 11.23, a P/E/G ratio of 2.43 and a beta of 1.42.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company's revenue was down 14.4% on a year-over-year basis. During the same period last year, the company posted $7.49 EPS. As a group, equities analysts predict that Valero Energy Co. will post 8.86 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VLO shares. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They set a "neutral" rating and a $150.00 price target on the stock. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. TD Cowen reduced their target price on shares of Valero Energy from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Citigroup lowered their price objective on Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

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.