TIAA Trust National Association decreased its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,156 shares of the oil and gas company's stock after selling 2,414 shares during the period. TIAA Trust National Association's holdings in Valero Energy were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after buying an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Valero Energy by 4.0% in the 4th 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 acquiring an additional 413,963 shares during the last quarter. Franklin Resources Inc. grew 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 worth $639,268,000 after acquiring an additional 247,630 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Valero Energy by 13.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock valued at $499,210,000 after purchasing an additional 487,022 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Valero Energy by 4,908.0% in 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 purchasing an additional 2,793,607 shares during the period. 78.69% of the stock is currently owned by institutional investors.
Valero Energy Stock Up 1.2 %
Shares of Valero Energy stock traded up $1.58 during trading on Tuesday, hitting $133.65. 2,366,422 shares of the stock traded hands, compared to its average volume of 2,884,521. The company has a fifty day moving average price of $133.19 and a two-hundred day moving average price of $133.30. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The stock has a market cap of $42.10 billion, a P/E ratio of 15.76, a PEG ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts predict that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
Valero Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend 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 53.30%.
Analyst Upgrades and Downgrades
VLO has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Mizuho reduced their target price 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $152.67.
View Our Latest Stock Report on VLO
About Valero Energy
(
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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