Valero Energy Co. (NYSE:VLO) Shares Sold by Fmr LLC

FMR LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 16.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,594,245 shares of the oil and gas company's stock after selling 889,944 shares during the quarter. FMR LLC owned approximately 1.45% of Valero Energy worth $563,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VLO. Asset Management One Co. Ltd. lifted its holdings in shares of Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after purchasing an additional 455 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Valero Energy in the 4th quarter valued at approximately $1,226,000. Hudson Capital Management LLC grew its holdings in Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock valued at $3,897,000 after buying an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in Valero Energy during the fourth quarter worth $274,000. Finally, Patten Group Inc. acquired a new position in shares of Valero Energy in the fourth quarter worth $277,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on VLO. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Raymond James decreased their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Mizuho dropped their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.

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Valero Energy Stock Up 0.2 %

VLO traded up $0.17 on Monday, reaching $110.87. The company's stock had a trading volume of 533,387 shares, compared to its average volume of 2,969,323. The business's 50 day moving average is $127.99 and its 200 day moving average is $131.70. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $174.94. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 4.08%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is presently 53.30%.

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.