Valero Energy Co. (NYSE:VLO) Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 233.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,696 shares of the oil and gas company's stock after acquiring an additional 24,994 shares during the period. Vestcor Inc's holdings in Valero Energy were worth $4,376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Providence Wealth Advisors LLC increased its holdings in Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock worth $1,169,000 after purchasing an additional 75 shares during the period. Segment Wealth Management LLC raised its holdings in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock valued at $606,000 after acquiring an additional 81 shares in the last quarter. Silver Coast Investments LLC lifted its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in Valero Energy by 2.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after acquiring an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in shares of Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock valued at $186,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

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Analysts Set New Price Targets

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

Valero Energy Stock Performance

Shares of VLO traded down $0.98 during mid-day trading on Tuesday, reaching $131.97. 3,139,909 shares of the company's stock were exchanged, compared to its average volume of 2,770,671. The business's fifty day simple moving average is $133.34 and its 200-day simple moving average is $133.68. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The stock has a market capitalization of $41.57 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.13% and a return on equity of 9.58%. On average, equities research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current 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 paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This is an increase 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 dividend 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.