Stokes Family Office LLC Buys Shares of 3,174 Valero Energy Co. (NYSE:VLO)

Stokes Family Office LLC bought a new position in Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,174 shares of the oil and gas company's stock, valued at approximately $389,000.

A number of other institutional investors have also modified their holdings of VLO. Charles Schwab Investment Management Inc. boosted its holdings in Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after purchasing an additional 413,963 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company's stock valued at $639,268,000 after buying an additional 247,630 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Valero Energy by 13.6% in the 4th quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock valued at $499,210,000 after buying an additional 487,022 shares during the period. Wellington Management Group LLP grew its position in shares of Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after buying an additional 2,793,607 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in Valero Energy by 6.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company's stock worth $342,090,000 after acquiring an additional 151,200 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

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Valero Energy Trading Up 0.4 %

Shares of VLO stock traded up $0.49 during trading hours on Monday, reaching $132.00. 4,497,077 shares of the stock traded hands, compared to its average volume of 2,772,591. The business has a fifty day moving average price of $133.96 and a 200 day moving average price of $133.38. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm 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.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results 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 research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.42%. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler dropped 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. 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 reduced their price target on shares of 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 dropped their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.