Commonwealth Equity Services LLC lessened its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,693 shares of the oil and gas company's stock after selling 24,132 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of Valero Energy worth $26,074,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in VLO. Wellington Management Group LLP raised its position in Valero Energy by 4,908.0% in 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 purchasing an additional 2,793,607 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Valero Energy in the fourth quarter valued at about $132,469,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 acquiring an additional 568,000 shares during the period. Pacer Advisors Inc. increased its position in shares of 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 acquiring an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Valero Energy in the third quarter valued at about $70,352,000. Hedge funds and other institutional investors own 78.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on VLO shares. Mizuho decreased 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 report on Wednesday, January 8th. Piper Sandler cut their target price 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $156.08.
Read Our Latest Research Report on VLO
Valero Energy Price Performance
Shares of NYSE VLO traded up $1.16 during midday trading on Thursday, reaching $135.00. The stock had a trading volume of 2,853,496 shares, compared to its average volume of 2,763,719. The stock has a 50-day moving average of $133.68 and a 200-day moving average of $133.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market capitalization of $42.52 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth 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.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) 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%. As a group, research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal 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 paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.35%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.
Valero Energy Company Profile
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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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