Keybank National Association OH Acquires 2,731 Shares of Valero Energy Co. (NYSE:VLO)

Keybank National Association OH raised its position in Valero Energy Co. (NYSE:VLO - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,260 shares of the oil and gas company's stock after acquiring an additional 2,731 shares during the quarter. Keybank National Association OH's holdings in Valero Energy were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Valero Energy by 30.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 8,598 shares of the oil and gas company's stock worth $1,029,000 after acquiring an additional 1,999 shares during the last quarter. Patten Group Inc. purchased a new position in Valero Energy during the fourth quarter valued at $277,000. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after purchasing an additional 413,963 shares during the period. Steward Partners Investment Advisory LLC increased its position in Valero Energy by 4.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,731 shares of the oil and gas company's stock worth $3,767,000 after buying an additional 1,194 shares in the last quarter. Finally, Silver Coast Investments LLC increased its position in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after buying an additional 83 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday. Wells Fargo & Company decreased their price objective 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. Barclays cut their price target on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and an average target price of $156.08.

Valero Energy Price Performance

VLO traded down $3.75 during trading hours on Tuesday, hitting $123.05. The company's stock had a trading volume of 3,604,719 shares, compared to its average volume of 2,801,721. The stock has a market cap of $38.96 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 2.93 and a beta of 1.36. The business's 50-day moving average price is $132.91 and its 200-day moving average price is $134.22. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping 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%. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.67%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.

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.