Corient Private Wealth LLC Has $31.26 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Corient Private Wealth LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,804 shares of the oil and gas company's stock after selling 44,447 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of Valero Energy worth $31,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in 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 worth $384,907,000 after acquiring an additional 2,793,607 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Valero Energy during the fourth quarter worth $132,469,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company's stock valued at $85,217,000 after purchasing an additional 568,000 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company's stock valued at $484,105,000 after buying an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new position in Valero Energy during the third quarter worth about $70,352,000. 78.69% of the stock is owned by institutional investors.

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Valero Energy Stock Down 2.5 %

NYSE VLO traded down $3.41 during trading on Friday, hitting $131.42. The stock had a trading volume of 6,730,189 shares, compared to its average volume of 2,774,501. The company has a market capitalization of $41.39 billion, a PE ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company's 50-day moving average price is $133.87 and its two-hundred day moving average price is $133.59. 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 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%. As a group, sell-side analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is currently 53.30%.

Analyst Ratings Changes

A number of analysts recently weighed in on VLO shares. Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler lowered 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 note on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently 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.