Whittier Trust Co. of Nevada Inc. grew its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,537 shares of the oil and gas company's stock after acquiring an additional 3,912 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Valero Energy were worth $9,873,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Providence Wealth Advisors LLC lifted its position in Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after acquiring an additional 75 shares in the last quarter. Segment Wealth Management LLC raised its stake in shares of Valero Energy by 1.7% in 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 purchasing an additional 81 shares during the period. Silver Coast Investments LLC lifted its holdings in shares of 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 valued at $622,000 after purchasing an additional 83 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in shares of Valero Energy by 2.0% during 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 buying an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of 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 worth $186,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on VLO. Piper Sandler cut 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. Mizuho dropped their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target 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, Tudor Pickering upgraded 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, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.
Check Out Our Latest Report on VLO
Valero Energy Stock Performance
Shares of NYSE:VLO traded up $0.07 on Tuesday, hitting $132.02. The company had a trading volume of 3,103,628 shares, compared to its average volume of 2,771,888. The stock has a 50 day moving average price of $133.93 and a 200 day moving average price of $133.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap 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. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS 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%. Analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.
Valero Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.42%. Valero Energy's dividend payout ratio (DPR) is presently 53.30%.
About Valero Energy
(
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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