Sienna Gestion Buys 24,673 Shares of Valero Energy Co. (NYSE:VLO)

Sienna Gestion boosted its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 55.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,530 shares of the oil and gas company's stock after acquiring an additional 24,673 shares during the quarter. Sienna Gestion's holdings in Valero Energy were worth $8,522,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy during the 3rd quarter valued at $28,000. Tobam acquired a new position in shares of Valero Energy during the 4th quarter valued at $30,000. True Wealth Design LLC increased its position in shares of 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 valued at $37,000 after purchasing an additional 183 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 0.7 %

Shares of Valero Energy stock traded down $0.98 during midday trading on Tuesday, hitting $131.97. The company's stock had a trading volume of 3,139,924 shares, compared to its average volume of 2,770,671. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The stock has a 50-day simple moving average of $133.34 and a 200-day simple moving average of $133.68. The firm has a market capitalization of $41.57 billion, a P/E ratio of 15.56, a PEG ratio of 2.93 and a beta of 1.36.

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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 earnings per share (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%. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.43%. 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 dividend payout ratio (DPR) is currently 53.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

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.