HUB Investment Partners LLC Has $351,000 Stake in Valero Energy Co. (NYSE:VLO)

HUB Investment Partners LLC cut its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,861 shares of the oil and gas company's stock after selling 2,256 shares during the period. HUB Investment Partners LLC's holdings in Valero Energy were worth $351,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after purchasing an additional 2,793,607 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $132,469,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake 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 buying an additional 568,000 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Valero Energy during the third quarter worth $70,352,000. Finally, Pacer Advisors Inc. raised its position in Valero Energy by 13.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock worth $499,210,000 after acquiring an additional 487,022 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lowered 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 note on Friday, January 31st. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. 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 report on Wednesday, January 8th. Finally, Piper Sandler decreased their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.08.

Remove Ads

Valero Energy Stock Performance

Shares of VLO stock traded up $0.07 on Tuesday, hitting $132.02. The company's stock had a trading volume of 3,103,628 shares, compared to its average volume of 2,772,828. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a market capitalization of $41.58 billion, a PE ratio of 15.57, a PEG ratio of 2.93 and a beta of 1.36. The stock's 50 day moving average is $133.88 and its 200-day moving average is $133.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results 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%. Equities research 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. Shareholders of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.42%. Valero Energy's payout ratio is currently 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.