Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,315 shares of the oil and gas company's stock after selling 2,429 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Valero Energy were worth $8,252,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the 4th quarter valued at about $25,000. Tobam bought a new stake in Valero Energy during the fourth quarter valued at approximately $30,000. True Wealth Design LLC grew its position in Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock valued at $37,000 after buying an additional 183 shares during the period. Golden State Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter valued at approximately $38,000. Finally, OFI Invest Asset Management bought a new position in Valero Energy in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 78.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on VLO shares. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho cut their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on 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, Piper Sandler lowered their price objective on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.08.
Check Out Our Latest Stock Report on Valero Energy
Valero Energy Price Performance
VLO traded up $0.07 during trading on Tuesday, hitting $132.02. 3,103,628 shares of the company traded hands, compared to its average volume of 2,772,828. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.58 billion, a PE ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. The stock's 50-day simple moving average is $133.88 and its two-hundred day simple moving average is $133.34. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79.
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 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 anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.
Valero Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.42%. 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 is 53.30%.
About Valero Energy
(
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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