O Shaughnessy Asset Management LLC cut its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 402,160 shares of the oil and gas company's stock after selling 61,939 shares during the period. O Shaughnessy Asset Management LLC owned about 0.13% of Valero Energy worth $49,301,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in Valero Energy by 10.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 106,985 shares of the oil and gas company's stock valued at $13,393,000 after buying an additional 10,134 shares in the last quarter. RWA Wealth Partners LLC lifted its position in shares of Valero Energy by 9.3% in the fourth quarter. RWA Wealth Partners LLC now owns 2,102 shares of the oil and gas company's stock valued at $258,000 after acquiring an additional 179 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in shares of Valero Energy during the fourth quarter valued at $5,808,000. Allstate Corp acquired a new stake in shares of Valero Energy during the fourth quarter valued at $1,172,000. Finally, Maridea Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter worth about $457,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VLO. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Mizuho decreased their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler reduced their price target on 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, Wells Fargo & Company lowered their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and a consensus target price of $152.67.
Read Our Latest Report on Valero Energy
Valero Energy Trading Down 13.4 %
VLO traded down $17.86 on Thursday, reaching $115.76. 5,065,264 shares of the company's stock were exchanged, compared to its average volume of 2,891,197. Valero Energy Co. has a twelve month low of $115.47 and a twelve month high of $184.79. The company's 50 day moving average is $133.17 and its 200-day moving average is $133.30. 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 $36.46 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.93 and a beta of 1.36.
Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results 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%. Equities analysts predict 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. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's dividend payout ratio is presently 53.30%.
About Valero Energy
(
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.
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