Twin Tree Management LP Takes Position in Valero Energy Co. (NYSE:VLO)

Twin Tree Management LP purchased a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,218 shares of the oil and gas company's stock, valued at approximately $4,317,000.

Other large investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its holdings in Valero Energy by 21.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company's stock valued at $904,000 after acquiring an additional 1,192 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Valero Energy by 9.0% in the third quarter. Natixis Advisors LLC now owns 176,431 shares of the oil and gas company's stock valued at $23,823,000 after acquiring an additional 14,616 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of 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 in the last quarter. Quest Partners LLC purchased a new stake in Valero Energy during the 3rd quarter worth about $134,000. Finally, Prospera Financial Services Inc lifted its holdings in Valero Energy by 3.3% in the 3rd quarter. Prospera Financial Services Inc now owns 11,350 shares of the oil and gas company's stock valued at $1,534,000 after purchasing an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

Shares of Valero Energy stock traded down $3.41 during trading on Friday, hitting $131.42. The stock had a trading volume of 6,736,251 shares, compared to its average volume of 2,768,589. The business has a fifty day moving average of $133.96 and a two-hundred day moving average of $133.48. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The firm has a market cap of $41.39 billion, a P/E ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

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Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.44%. 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 payout ratio is presently 53.30%.

Wall Street Analysts Forecast Growth

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

About Valero Energy

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.