NEOS Investment Management LLC Boosts Stock Position in Valero Energy Co. (NYSE:VLO)

NEOS Investment Management LLC boosted its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,714 shares of the oil and gas company's stock after buying an additional 4,978 shares during the quarter. NEOS Investment Management LLC's holdings in Valero Energy were worth $2,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. UniSuper Management Pty Ltd increased its stake in shares of Valero Energy by 26.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 26,987 shares of the oil and gas company's stock worth $3,308,000 after purchasing an additional 5,637 shares in the last quarter. Sava Infond d.o.o. bought a new stake in Valero Energy during the fourth quarter valued at about $184,000. Elo Mutual Pension Insurance Co increased its position in Valero Energy by 19.3% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 34,430 shares of the oil and gas company's stock worth $4,221,000 after buying an additional 5,568 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Valero Energy by 1,816.6% during the 4th quarter. WINTON GROUP Ltd now owns 54,432 shares of the oil and gas company's stock valued at $6,673,000 after buying an additional 51,592 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Valero Energy by 6.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 504,221 shares of the oil and gas company's stock valued at $62,655,000 after acquiring an additional 30,131 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

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Valero Energy Trading Up 0.8 %

NYSE VLO traded up $1.10 during trading hours on Tuesday, hitting $133.17. 1,207,675 shares of the company were exchanged, compared to its average volume of 2,880,421. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $133.31 and a 200 day moving average price of $133.30. The stock has a market cap of $41.94 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.

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, beating 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%. Analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio (DPR) is 53.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VLO shares. Piper Sandler lowered their price target 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. Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased 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. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.67.

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.