QRG Capital Management Inc. boosted its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,134 shares of the oil and gas company's stock after buying an additional 8,575 shares during the period. QRG Capital Management Inc.'s holdings in Valero Energy were worth $10,437,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter valued at $25,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy in the third quarter valued at approximately $28,000. Tobam purchased a new position in Valero Energy during the fourth quarter valued at approximately $30,000. True Wealth Design LLC lifted its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 183 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in Valero Energy in the 3rd quarter valued at $38,000. Institutional investors own 78.69% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on VLO shares. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho lowered their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Piper Sandler raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $154.46.
Get Our Latest Stock Analysis on Valero Energy
Valero Energy Trading Down 1.8 %
NYSE:VLO traded down $2.36 during mid-day trading on Monday, reaching $128.37. 3,870,720 shares of the company's stock traded hands, compared to its average volume of 2,761,521. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a 50 day moving average price of $132.06 and a 200-day moving average price of $135.05. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.93 and a beta of 1.42.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.
Valero Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.52%. Valero Energy's payout ratio is currently 53.30%.
Valero Energy Profile
(
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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