Virtu Financial LLC trimmed its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 36.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,349 shares of the oil and gas company's stock after selling 8,712 shares during the quarter. Virtu Financial LLC's holdings in Valero Energy were worth $1,882,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Providence Wealth Advisors LLC increased its holdings in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after buying an additional 75 shares during the last quarter. Segment Wealth Management LLC raised its position in shares of Valero Energy by 1.7% during the 4th 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% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after purchasing an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in Valero Energy by 6.6% during the fourth 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. Institutional investors own 78.69% of the company's stock.
Valero Energy Price Performance
NYSE:VLO traded up $0.07 during midday trading on Tuesday, hitting $132.02. 1,575,923 shares of the stock were exchanged, compared to its average volume of 2,771,888. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The business has a 50-day moving average price of $133.93 and a two-hundred day moving average price of $133.36.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping 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%. Sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.
Valero Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.42%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is currently 53.30%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. 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 note on Friday, January 31st. Finally, Mizuho dropped their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.08.
View Our Latest Research Report on Valero Energy
Valero Energy Company Profile
(
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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