Legal & General Group Plc lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,979,700 shares of the oil and gas company's stock after selling 733,500 shares during the quarter. Legal & General Group Plc owned 0.63% of Valero Energy worth $242,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also bought and sold shares of the stock. Cerity Partners LLC boosted its stake in shares of Valero Energy by 26.4% in the 4th quarter. Cerity Partners LLC now owns 139,875 shares of the oil and gas company's stock valued at $17,578,000 after purchasing an additional 29,215 shares during the last quarter. Waterloo Capital L.P. boosted its position in Valero Energy by 8.5% during the fourth quarter. Waterloo Capital L.P. now owns 3,660 shares of the oil and gas company's stock valued at $449,000 after acquiring an additional 286 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Valero Energy by 6.4% in the 4th quarter. Russell Investments Group Ltd. now owns 465,888 shares of the oil and gas company's stock valued at $57,066,000 after acquiring an additional 27,850 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at $157,000. Finally, Aviva PLC grew its stake in shares of Valero Energy by 2.4% in the 4th quarter. Aviva PLC now owns 192,523 shares of the oil and gas company's stock valued at $23,601,000 after buying an additional 4,489 shares during the period. 78.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
VLO has been the topic of several recent research reports. 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 report on Friday, January 31st. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank decreased their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday. Mizuho dropped their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.46.
Check Out Our Latest Stock Analysis on VLO
Valero Energy Stock Performance
Shares of NYSE VLO traded down $1.09 during midday trading on Monday, reaching $109.61. The company's stock had a trading volume of 608,812 shares, compared to its average volume of 2,969,735. The stock has a market capitalization of $34.52 billion, a P/E ratio of 12.93, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a 50 day moving average price of $127.99 and a 200-day moving average price of $131.70. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $174.94.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, equities analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.
Valero Energy Increases Dividend
The business also recently declared 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. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 4.12%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is presently 53.30%.
Valero Energy Company Profile
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Free Report)
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.
Further Reading
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