220,261 Shares in Valero Energy Co. (NYSE:VLO) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Valero Energy Co. (NYSE:VLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 220,261 shares of the oil and gas company's stock, valued at approximately $27,002,000. KLP Kapitalforvaltning AS owned 0.07% of Valero Energy as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the 4th quarter valued at approximately $25,000. Tobam purchased a new stake in shares of Valero Energy during the fourth quarter worth $30,000. True Wealth Design LLC grew its position in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 183 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Valero Energy during the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter worth about $38,000. Institutional investors own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VLO shares. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Mizuho decreased their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and a consensus target price of $156.08.

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Valero Energy Stock Up 0.1 %

NYSE:VLO traded up $0.07 during mid-day trading on Tuesday, hitting $132.02. 3,067,627 shares of the company's stock were exchanged, compared to its average volume of 2,771,888. The company has a market cap of $41.58 billion, a PE ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The business has a fifty day moving average price of $133.93 and a 200 day moving average price of $133.36.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.42%. 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%.

Valero Energy 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.