Wellington Management Group LLP Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Wellington Management Group LLP trimmed its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,753,179 shares of the oil and gas company's stock after selling 97,347 shares during the quarter. Wellington Management Group LLP owned approximately 0.87% of Valero Energy worth $337,512,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VLO. CIBC Private Wealth Group LLC grew its position in shares of Valero Energy by 10.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 106,985 shares of the oil and gas company's stock valued at $13,393,000 after purchasing an additional 10,134 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in Valero Energy by 9.3% during the 4th quarter. RWA Wealth Partners LLC now owns 2,102 shares of the oil and gas company's stock valued at $258,000 after buying an additional 179 shares in the last quarter. Cambridge Financial Group Inc. purchased a new position in Valero Energy during the 4th quarter valued at approximately $5,808,000. Allstate Corp bought a new stake in Valero Energy in the 4th quarter worth approximately $1,172,000. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Valero Energy during the 4th quarter worth approximately $457,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VLO shares. Piper Sandler reduced their price target on shares of 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 dropped their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.67.

Remove Ads

Valero Energy Trading Down 14.4 %

Shares of NYSE VLO traded down $19.21 during trading hours on Thursday, reaching $114.41. The stock had a trading volume of 9,512,176 shares, compared to its average volume of 2,903,430. The business's fifty day moving average price is $132.64 and its two-hundred day moving average price is $133.17. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52-week low of $114.04 and a 52-week 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.

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 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%. Analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.95%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is currently 53.30%.

Valero Energy 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.