Stablepoint Partners LLC Sells 108 Shares of Valero Energy Co. (NYSE:VLO)

Stablepoint Partners LLC lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,699 shares of the oil and gas company’s stock after selling 108 shares during the period. Stablepoint Partners LLC’s holdings in Valero Energy were worth $1,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLO. Charles Schwab Investment Management Inc. increased its stake in Valero Energy by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after acquiring an additional 50,837 shares during the period. Franklin Resources Inc. grew its stake in shares of Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after purchasing an additional 247,630 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after buying an additional 2,793,607 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its stake in Valero Energy by 6.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock valued at $342,090,000 after buying an additional 151,200 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Bank of America assumed coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.54.

Valero Energy Stock Down 0.7 %

Shares of NYSE VLO opened at $139.80 on Monday. 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 firm has a market capitalization of $44.26 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42. The firm’s 50-day moving average is $131.28 and its 200-day moving average is $137.87. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.49 EPS. Equities analysts expect that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a $1.13 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.23%. Valero Energy’s dividend payout ratio is presently 38.39%.

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.