Schroder Investment Management Group trimmed its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 59.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,968 shares of the oil and gas company's stock after selling 101,919 shares during the period. Schroder Investment Management Group's holdings in Valero Energy were worth $8,487,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in VLO. Segment Wealth Management LLC grew its position in Valero Energy by 1.7% in the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock worth $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC grew its position in Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after buying an additional 83 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its stake 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 valued at $575,000 after acquiring an additional 90 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Valero Energy by 6.6% in 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 acquiring an additional 94 shares in the last quarter. Finally, Providence Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 94 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Price Performance
Shares of Valero Energy stock traded up $1.74 during midday trading on Monday, reaching $106.43. The company had a trading volume of 6,630,913 shares, compared to its average volume of 2,937,591. The company has a market capitalization of $33.52 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. Valero Energy Co. has a 1-year low of $98.26 and a 1-year high of $183.38. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $131.94 and a 200 day simple moving average of $132.92.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current 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 paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.25%. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is presently 53.30%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho dropped their price target 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. Wells Fargo & Company lowered 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. Finally, Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $152.67.
Read Our Latest Research Report on VLO
Valero Energy Company 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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