Valero Energy Co. (NYSE:VLO) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,969 shares of the oil and gas company's stock after selling 1,939 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Valero Energy were worth $16,301,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VLO. Broadway Wealth Solutions Inc. acquired a new stake in Valero Energy in the 4th quarter worth about $220,000. New Age Alpha Advisors LLC purchased a new position in Valero Energy during the fourth quarter worth approximately $997,000. Norges Bank acquired a new position in Valero Energy during the fourth quarter worth $669,400,000. Providence Wealth Advisors LLC boosted its stake in Valero Energy by 1.1% during the fourth quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after buying an additional 94 shares during the last quarter. Finally, NEOS Investment Management LLC grew its holdings in Valero Energy by 31.6% in the 4th quarter. NEOS Investment Management LLC now owns 20,714 shares of the oil and gas company's stock valued at $2,539,000 after buying an additional 4,978 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Down 11.1 %

VLO stock traded down $14.81 during midday trading on Thursday, hitting $118.81. The company's stock had a trading volume of 2,559,589 shares, compared to its average volume of 2,882,235. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The firm has a 50-day simple moving average of $133.17 and a 200-day simple moving average of $133.30. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $37.42 billion, a P/E ratio of 14.01, a PEG ratio of 2.93 and a beta of 1.36.

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

Valero Energy Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change 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 presently 53.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VLO. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Finally, 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 report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.67.

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.