Valero Energy Co. (NYSE:VLO) Shares Purchased by Keybank National Association OH

Keybank National Association OH grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,260 shares of the oil and gas company’s stock after purchasing an additional 2,731 shares during the quarter. Keybank National Association OH’s holdings in Valero Energy were worth $1,380,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in shares of Valero Energy by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock valued at $14,751,000 after purchasing an additional 455 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Valero Energy during the fourth quarter valued at approximately $1,226,000. Hudson Capital Management LLC grew its holdings in shares of Valero Energy by 6.5% during the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after purchasing an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Valero Energy during the fourth quarter valued at approximately $274,000. Finally, Captrust Financial Advisors grew its holdings in shares of Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after purchasing an additional 6,278 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Mizuho decreased 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. Piper Sandler decreased their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Barclays decreased their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.08.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $127.00 on Friday. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The stock has a fifty day moving average price of $132.76 and a two-hundred day moving average price of $134.45. The firm has a market cap of $40.21 billion, a P/E ratio of 14.98, a PEG ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data 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 return on equity of 9.58% and a net margin of 2.13%. Research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is 53.30%.

Valero Energy Company 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.