Vinva Investment Management Ltd Sells 12,792 Shares of Valero Energy Co. (NYSE:VLO)

Vinva Investment Management Ltd reduced its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 82.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,649 shares of the oil and gas company's stock after selling 12,792 shares during the period. Vinva Investment Management Ltd's holdings in Valero Energy were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VLO. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy during the 4th quarter valued at about $25,000. Tobam purchased a new position in shares of Valero Energy during the 4th quarter valued at about $30,000. True Wealth Design LLC increased its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after buying an additional 183 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $38,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Valero Energy in the fourth quarter worth about $37,000. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VLO. Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Mizuho lowered their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.08.

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Valero Energy Stock Up 0.1 %

NYSE VLO traded up $0.07 on Tuesday, reaching $132.02. The company had a trading volume of 3,103,628 shares, compared to its average volume of 2,772,828. The firm has a 50-day moving average of $133.88 and a 200-day moving average of $133.34. The firm has a market capitalization of $41.58 billion, a PE ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. 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 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 net margin of 2.13% and a return on equity of 9.58%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.42%. Valero Energy's dividend payout ratio (DPR) is 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.