PNC Financial Services Group Inc. Sells 6,340 Shares of Valero Energy Co. (NYSE:VLO)

PNC Financial Services Group Inc. lowered its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,697 shares of the oil and gas company's stock after selling 6,340 shares during the period. PNC Financial Services Group Inc.'s holdings in Valero Energy were worth $18,474,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VLO. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the fourth quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new position in Valero Energy during the 3rd quarter worth approximately $28,000. Tobam purchased a new position in Valero Energy during the 4th quarter worth approximately $30,000. True Wealth Design LLC grew its position in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 183 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Valero Energy during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Ratings Changes

VLO has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report 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 for the company in a research note on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Mizuho cut their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.08.

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Valero Energy Stock Performance

Shares of VLO traded up $0.61 during trading hours on Thursday, reaching $125.79. 3,295,636 shares of the company traded hands, compared to its average volume of 2,796,865. The stock's fifty day moving average is $133.02 and its 200 day moving average is $133.94. The stock has a market cap of $39.62 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. Equities research 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. Investors of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.59%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is presently 53.30%.

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.