Primecap Management Co. CA trimmed its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,270 shares of the oil and gas company's stock after selling 32,600 shares during the period. Primecap Management Co. CA's holdings in Valero Energy were worth $13,150,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Providence Wealth Advisors LLC boosted its stake in Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after purchasing an additional 75 shares during the period. Segment Wealth Management LLC boosted its position in shares of Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock valued at $606,000 after acquiring an additional 81 shares during the period. Silver Coast Investments LLC grew its stake in shares of Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its stake in Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock valued at $186,000 after purchasing an additional 94 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Mizuho decreased their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and an average price target of $156.08.
Get Our Latest Report on VLO
Valero Energy Price Performance
Shares of VLO traded up $0.49 on Monday, hitting $132.00. The company's stock had a trading volume of 4,497,077 shares, compared to its average volume of 2,772,591. The company has a 50 day moving average price of $133.96 and a 200 day moving average price of $133.38. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a market capitalization of $41.58 billion, a PE ratio of 15.57, a PEG ratio of 2.93 and a beta of 1.36. 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 (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS 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%. On average, research analysts anticipate 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 paid a $1.13 dividend. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is 53.30%.
Valero Energy Company Profile
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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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