Huntington National Bank increased its position in Valero Energy Co. (NYSE:VLO - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 784,278 shares of the oil and gas company's stock after acquiring an additional 4,044 shares during the quarter. Huntington National Bank owned about 0.25% of Valero Energy worth $96,145,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy in the fourth quarter worth about $25,000. Tobam purchased a new stake in shares of Valero Energy during the 4th quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in shares of Valero Energy during the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter valued at $38,000. Finally, Creative Capital Management Investments LLC increased its position in Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 78.69% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on VLO. 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 report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.67.
View Our Latest Stock Report on Valero Energy
Valero Energy Price Performance
Valero Energy stock traded up $0.34 during trading on Monday, reaching $105.03. The company had a trading volume of 3,251,698 shares, compared to its average volume of 3,449,741. The firm has a market capitalization of $33.08 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The firm's 50-day simple moving average is $131.94 and its 200 day simple moving average is $132.92. 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 Co. has a 1-year low of $99.00 and a 1-year high of $183.38.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.
Valero Energy Increases Dividend
The firm 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. This is an increase from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 4.30%. Valero Energy's dividend payout ratio is presently 53.30%.
Valero Energy Profile
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Free Report)
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.
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