Valero Energy Co. (NYSE:VLO) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,111 shares of the oil and gas company's stock after selling 2,234 shares during the quarter. King Luther Capital Management Corp's holdings in Valero Energy were worth $1,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC increased its holdings in shares of Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after acquiring an additional 75 shares during the last quarter. Segment Wealth Management LLC increased its stake in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC increased its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock valued at $622,000 after purchasing an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its holdings in Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

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Valero Energy Stock Performance

NYSE:VLO traded up $3.89 during midday trading on Monday, reaching $133.03. The stock had a trading volume of 3,483,867 shares, compared to its average volume of 2,770,693. The stock has a market cap of $41.90 billion, a P/E ratio of 15.69, a P/E/G ratio of 2.93 and a beta of 1.36. 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 12-month low of $116.84 and a 12-month high of $184.79. The firm has a fifty day simple moving average of $133.12 and a two-hundred day simple moving average of $133.74.

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 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, equities analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.40%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's dividend payout ratio is 53.30%.

Analyst Upgrades and Downgrades

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

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.