Tilia Fiduciary Partners Inc. Raises Stock Holdings in Valero Energy Co. (NYSE:VLO)

Tilia Fiduciary Partners Inc. raised its position in shares of Valero Energy Co. (NYSE:VLO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,553 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Valero Energy were worth $1,907,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Valero Energy by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after acquiring an additional 22,571 shares during the period. Captrust Financial Advisors boosted its position in shares of Valero Energy by 7.5% in the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after purchasing an additional 6,278 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in shares of Valero Energy by 136.1% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company’s stock worth $10,143,000 after buying an additional 43,299 shares during the last quarter. Ameriprise Financial Inc. increased its position in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after buying an additional 192,397 shares in the last quarter. Finally, Foster & Motley Inc. raised its stake in Valero Energy by 23.3% during the third quarter. Foster & Motley Inc. now owns 20,802 shares of the oil and gas company’s stock valued at $2,809,000 after buying an additional 3,934 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 1.7 %

NYSE:VLO traded up $2.08 during trading hours on Friday, hitting $127.27. The company had a trading volume of 2,994,410 shares, compared to its average volume of 2,278,254. The company has a 50-day moving average of $131.01 and a 200 day moving average of $139.26. 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 company has a market cap of $40.29 billion, a P/E ratio of 11.41, a P/E/G ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same period last year, the business earned $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. Sell-side analysts expect that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

Analyst Upgrades and Downgrades

Several analysts recently commented on VLO shares. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Scotiabank lowered their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $169.00 to $123.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.