iA Global Asset Management Inc. Sells 11,910 Shares of Valero Energy Co. (NYSE:VLO)

iA Global Asset Management Inc. lowered its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 83.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,387 shares of the oil and gas company's stock after selling 11,910 shares during the quarter. iA Global Asset Management Inc.'s holdings in Valero Energy were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy in the 4th quarter valued at approximately $25,000. Tobam acquired a new stake in shares of Valero Energy in the fourth quarter worth $30,000. True Wealth Design LLC increased 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 worth $37,000 after acquiring an additional 183 shares during the period. OFI Invest Asset Management bought a new stake in Valero Energy in the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC acquired a new stake in Valero Energy in the 4th quarter worth $38,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 0.0 %

Valero Energy stock traded down $0.02 during mid-day trading on Tuesday, hitting $131.93. The stock had a trading volume of 1,028,146 shares, compared to its average volume of 2,771,888. The stock has a market capitalization of $41.56 billion, a PE ratio of 15.54, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. 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 stock has a 50-day simple moving average of $133.93 and a two-hundred day simple moving average of $133.36.

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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, 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, sell-side analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.43%. Valero Energy's payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VLO shares. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Mizuho lowered their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. 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 given a strong buy rating to the company. According to data from MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.08.

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.