Kennondale Capital Management LLC Acquires Shares of 5,825 Valero Energy Co. (NYSE:VLO)

Kennondale Capital Management LLC bought a new position in Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,825 shares of the oil and gas company's stock, valued at approximately $714,000.

Several other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its holdings in Valero Energy by 21.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company's stock valued at $904,000 after buying an additional 1,192 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Valero Energy by 9.0% during the 3rd quarter. Natixis Advisors LLC now owns 176,431 shares of the oil and gas company's stock valued at $23,823,000 after buying an additional 14,616 shares in the last quarter. Claro Advisors LLC lifted its holdings in Valero Energy by 69.7% during the 3rd quarter. Claro Advisors LLC now owns 5,266 shares of the oil and gas company's stock valued at $711,000 after buying an additional 2,162 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Valero Energy by 126.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company's stock valued at $6,299,000 after buying an additional 26,044 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Valero Energy during the 3rd quarter valued at about $134,000. Institutional investors own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLO shares. Piper Sandler decreased 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho cut their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Valero Energy has an average rating of "Moderate Buy" and a consensus price target of $156.08.

Remove Ads

Valero Energy Stock Performance

VLO stock traded down $3.41 during trading on Friday, reaching $131.42. The company had a trading volume of 6,736,251 shares, compared to its average volume of 2,768,589. The firm has a 50-day simple moving average of $133.96 and a 200-day simple moving average of $133.48. The company has a market cap of $41.39 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. 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 Co. has a twelve month low of $116.84 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share 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 paid a $1.13 dividend. The ex-dividend date of this dividend 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 3.44%. Valero Energy's dividend payout ratio (DPR) is 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.