Valero Energy Co. (NYSE:VLO) Stock Holdings Trimmed by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 36.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,075 shares of the oil and gas company's stock after selling 54,819 shares during the quarter. National Bank of Canada FI's holdings in Valero Energy were worth $11,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy during the fourth quarter worth $25,000. Tobam acquired a new stake in Valero Energy in the 4th quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in Valero Energy during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new position in Valero Energy during the fourth quarter worth about $38,000. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 1.7 %

NYSE VLO traded up $1.74 during trading hours on Monday, hitting $106.43. The company had a trading volume of 6,630,925 shares, compared to its average volume of 2,937,591. 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 fifty-two week low of $98.26 and a fifty-two week high of $183.38. The company has a market capitalization of $33.52 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 2.93 and a beta of 1.17. The firm's 50 day moving average is $131.94 and its 200 day moving average is $132.92.

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Valero Energy (NYSE:VLO - Get Free Report) last posted 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%. Sell-side analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.25%. This is a positive change 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 presently 53.30%.

Analysts Set New Price Targets

Several analysts have recently issued reports on VLO shares. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased 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. Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Mizuho reduced their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $152.67.

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.