Invesco Ltd. Trims Position in Valero Energy Co. (NYSE:VLO)

Invesco Ltd. lowered its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,657,949 shares of the oil and gas company's stock after selling 72,794 shares during the quarter. Invesco Ltd. owned about 1.16% of Valero Energy worth $448,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of VLO. Quantinno Capital Management LP grew its holdings in shares of Valero Energy by 25.7% during the 3rd quarter. Quantinno Capital Management LP now owns 17,875 shares of the oil and gas company's stock worth $2,414,000 after acquiring an additional 3,659 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Valero Energy by 256.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 10,292 shares of the oil and gas company's stock valued at $1,390,000 after purchasing an additional 7,405 shares in the last quarter. National Bank of Canada FI grew its stake in Valero Energy by 39.1% in the third quarter. National Bank of Canada FI now owns 150,894 shares of the oil and gas company's stock worth $20,375,000 after purchasing an additional 42,410 shares during the period. Zacks Investment Management raised its holdings in Valero Energy by 16.5% in the third quarter. Zacks Investment Management now owns 4,246 shares of the oil and gas company's stock worth $573,000 after purchasing an additional 600 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in Valero Energy by 6.9% during the third quarter. Orion Portfolio Solutions LLC now owns 22,188 shares of the oil and gas company's stock valued at $2,996,000 after buying an additional 1,438 shares during the period. 78.69% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Raymond James lowered their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company cut their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Mizuho lowered their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank cut their target price on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.46.

Valero Energy Stock Performance

VLO traded down $1.09 during midday trading on Monday, hitting $109.61. 608,812 shares of the company traded hands, compared to its average volume of 2,969,735. The company's 50-day moving average is $127.99 and its 200 day moving average is $131.70. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $34.52 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $174.94.

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%. On average, research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. 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 4.12%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is currently 53.30%.

Valero Energy Company Profile

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.