Sciencast Management LP bought a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,226 shares of the oil and gas company's stock, valued at approximately $763,000.
Several other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Valero Energy by 126.4% in the third quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company's stock valued at $6,299,000 after acquiring an additional 26,044 shares during the last quarter. Quest Partners LLC acquired a new stake in Valero Energy during the 3rd quarter worth approximately $134,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Valero Energy in the 3rd quarter valued at $5,920,000. Citizens Financial Group Inc. RI grew its holdings in Valero Energy by 18.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,194 shares of the oil and gas company's stock valued at $431,000 after buying an additional 488 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Valero Energy by 9.5% during the 3rd quarter. Raymond James Trust N.A. now owns 14,747 shares of the oil and gas company's stock worth $1,991,000 after buying an additional 1,285 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Trading Down 1.0 %
Shares of Valero Energy stock traded down $1.38 during trading on Thursday, hitting $133.14. The company's stock had a trading volume of 2,405,165 shares, compared to its average volume of 2,769,551. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The stock has a 50-day moving average price of $133.81 and a two-hundred day moving average price of $133.35. 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 released its quarterly earnings results 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 return on equity of 9.58% and a net margin of 2.13%. Equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
Valero Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.39%. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on VLO shares. Piper Sandler reduced their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target 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, Mizuho dropped their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and an average price target of $152.67.
Read Our Latest Stock Report on VLO
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.
Featured Articles
Before you consider Valero Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valero Energy wasn't on the list.
While Valero Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
