Orion Portfolio Solutions LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,849 shares of the oil and gas company's stock after purchasing an additional 2,661 shares during the period. Orion Portfolio Solutions LLC's holdings in Valero Energy were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in VLO. Broadway Wealth Solutions Inc. purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $220,000. New Age Alpha Advisors LLC acquired a new stake in Valero Energy during the 4th quarter valued at $997,000. Norges Bank purchased a new stake in Valero Energy during the 4th quarter worth $669,400,000. Providence Wealth Advisors LLC lifted its holdings in Valero Energy by 1.1% in the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after buying an additional 94 shares in the last quarter. Finally, NEOS Investment Management LLC boosted its position in Valero Energy by 31.6% in the 4th quarter. NEOS Investment Management LLC now owns 20,714 shares of the oil and gas company's stock valued at $2,539,000 after buying an additional 4,978 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Stock Performance
NYSE:VLO traded down $19.21 during midday trading on Thursday, reaching $114.41. 9,512,126 shares of the company traded hands, compared to its average volume of 2,907,883. The firm has a market capitalization of $36.04 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a fifty day moving average price of $133.17 and a 200 day moving average price of $133.30. 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 twelve month low of $114.04 and a twelve month high of $184.79.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
Valero Energy Increases Dividend
The company 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 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 annualized dividend and a yield of 3.95%. Valero Energy's dividend payout ratio is 53.30%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on VLO shares. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho cut 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 note on Wednesday, January 8th. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.67.
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About Valero Energy
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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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