Natixis Advisors LLC Has $19.40 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Natixis Advisors LLC cut its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,234 shares of the oil and gas company's stock after selling 18,197 shares during the quarter. Natixis Advisors LLC's holdings in Valero Energy were worth $19,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VLO. OneDigital Investment Advisors LLC boosted its position in Valero Energy by 21.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company's stock worth $904,000 after purchasing an additional 1,192 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Valero Energy by 126.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company's stock worth $6,299,000 after buying an additional 26,044 shares during the period. Quest Partners LLC acquired a new position in Valero Energy in the 3rd quarter valued at $134,000. Prospera Financial Services Inc grew its stake in Valero Energy by 3.3% in the 3rd quarter. Prospera Financial Services Inc now owns 11,350 shares of the oil and gas company's stock valued at $1,534,000 after buying an additional 363 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Valero Energy by 3.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 10,870 shares of the oil and gas company's stock worth $1,468,000 after acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

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Valero Energy Price Performance

Shares of Valero Energy stock traded down $3.41 during trading on Friday, reaching $131.42. 6,736,251 shares of the company's stock were exchanged, compared to its average volume of 2,768,589. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $41.39 billion, a P/E ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The firm's 50-day moving average price is $133.96 and its 200 day moving average price is $133.48.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.58% and a net margin of 2.13%. As a group, research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VLO. Mizuho lowered 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. 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 report on Friday, January 31st. Piper Sandler dropped their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.