LSV Asset Management Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

LSV Asset Management reduced its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,453,495 shares of the oil and gas company's stock after selling 124,200 shares during the quarter. LSV Asset Management owned 0.46% of Valero Energy worth $178,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. World Investment Advisors grew its position in Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after purchasing an additional 78 shares in the last quarter. Segment Wealth Management LLC increased its stake in shares of 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 worth $606,000 after purchasing an additional 81 shares in the last quarter. Silver Coast Investments LLC raised its holdings in Valero Energy by 1.7% during the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock valued at $622,000 after acquiring an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. lifted its holdings in Valero Energy by 2.0% during the 4th 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 grew its stake in Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock valued at $186,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

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Valero Energy Trading Down 1.6 %

Shares of Valero Energy stock traded down $1.73 during trading on Tuesday, reaching $108.60. 1,163,965 shares of the stock were exchanged, compared to its average volume of 2,972,426. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $174.94. The stock's fifty day moving average is $127.39 and its 200 day moving average is $131.52. 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 (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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, equities research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.16%. Valero Energy's dividend payout ratio is presently 53.30%.

Analysts Set New Price Targets

Several research firms recently commented on VLO. Mizuho reduced their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Raymond James lowered their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Scotiabank cut their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday. Finally, Piper Sandler decreased their price objective on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.

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.