Russell Investments Group Ltd. boosted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 465,888 shares of the oil and gas company's stock after purchasing an additional 27,850 shares during the period. Russell Investments Group Ltd. owned about 0.15% of Valero Energy worth $57,066,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of VLO. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the fourth quarter worth $25,000. Tobam bought a new position in Valero Energy in the 4th quarter worth $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in Valero Energy during the fourth quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC lifted its position in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 78.69% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on VLO shares. Mizuho cut their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Raymond James cut their price objective on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Scotiabank reduced their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.
Read Our Latest Stock Analysis on VLO
Valero Energy Price Performance
Shares of NYSE VLO traded up $1.58 during mid-day trading on Friday, hitting $110.59. 3,775,376 shares of the company's stock traded hands, compared to its average volume of 2,976,695. The company has a market capitalization of $34.83 billion, a P/E ratio of 13.04, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $178.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company's 50-day moving average is $127.99 and its two-hundred day moving average is $131.73.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal 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 paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.09%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy's payout ratio is presently 53.30%.
Valero Energy Profile
(
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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