CIBC Private Wealth Group LLC Has $13.39 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

CIBC Private Wealth Group LLC increased its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,985 shares of the oil and gas company's stock after purchasing an additional 10,134 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Valero Energy were worth $13,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Valero Energy during the fourth quarter valued at $669,400,000. Vanguard Group Inc. raised its holdings in Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after purchasing an additional 4,805,133 shares during the last quarter. Wellington Management Group LLP lifted its position 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 valued at $384,907,000 after purchasing an additional 2,793,607 shares during the period. Raymond James Financial Inc. bought a new position in shares of Valero Energy in the 4th quarter valued at about $132,469,000. Finally, Prudential Financial Inc. grew its position in shares of Valero Energy by 159.3% during the 4th quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company's stock worth $104,221,000 after buying an additional 522,233 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

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Valero Energy Stock Up 0.0 %

Shares of NYSE:VLO traded up $0.03 during midday trading on Wednesday, reaching $133.77. 2,410,150 shares of the company were exchanged, compared to its average volume of 2,881,570. The firm has a market cap of $42.13 billion, a PE ratio of 15.77, a P/E/G ratio of 2.93 and a beta of 1.36. 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 fifty-two week low of $116.84 and a fifty-two week high of $184.79. The stock has a fifty day simple moving average of $133.17 and a two-hundred day simple moving average of $133.30.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 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%. As a group, sell-side analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm 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 is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is currently 53.30%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VLO shares. Piper Sandler reduced 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 note on Friday, March 7th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Mizuho reduced their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given 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 a consensus price target of $152.67.

Valero Energy 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.