Envestnet Portfolio Solutions Inc. Cuts Stake in Valero Energy Co. (NYSE:VLO)

Envestnet Portfolio Solutions Inc. cut its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,292 shares of the oil and gas company's stock after selling 10,977 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Valero Energy were worth $1,016,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VLO. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the 4th quarter worth about $25,000. Tobam acquired a new position in Valero Energy during the fourth quarter worth about $30,000. True Wealth Design LLC lifted its holdings in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 183 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at approximately $38,000. Finally, OFI Invest Asset Management acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $37,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of a number of analyst reports. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $156.08.

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Valero Energy Trading Up 0.1 %

Shares of VLO stock traded up $0.07 on Tuesday, reaching $132.02. 3,103,628 shares of the stock were exchanged, compared to its average volume of 2,771,904. 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 stock has a market cap of $41.58 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The firm has a 50 day moving average of $133.88 and a two-hundred day moving average of $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 announced its quarterly 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%. On average, research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a 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 payout ratio is 53.30%.

About Valero Energy

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.