Valero Energy Co. (NYSE:VLO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,796 shares of the oil and gas company’s stock after selling 766 shares during the quarter. Blair William & Co. IL’s holdings in Valero Energy were worth $4,756,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VLO. New Wave Wealth Advisors LLC bought a new position in Valero Energy in the 4th quarter valued at about $25,000. Tobam acquired a new stake in shares of Valero Energy in the 4th quarter worth approximately $30,000. True Wealth Design LLC boosted its holdings in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Valero Energy during the fourth quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC bought a new stake in Valero Energy during the fourth quarter worth approximately $38,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of VLO opened at $131.43 on Monday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market capitalization of $41.40 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36. The business’s 50-day moving average is $133.49 and its 200-day moving average is $133.31.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, January 30th. Valero Energy’s dividend payout ratio is currently 53.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VLO shares. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price 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. Piper Sandler dropped 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. Finally, Mizuho reduced their price objective on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.67.

About Valero Energy

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.