Valero Energy Co. (NYSE:VLO) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in Valero Energy Co. (NYSE:VLO) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,270 shares of the oil and gas company’s stock after selling 32,600 shares during the quarter. Primecap Management Co. CA’s holdings in Valero Energy were worth $13,150,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the 4th quarter worth $25,000. Tobam bought a new position in shares of Valero Energy during the fourth quarter worth about $30,000. True Wealth Design LLC grew its stake in 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 worth $37,000 after purchasing an additional 183 shares in the last quarter. OFI Invest Asset Management bought a new stake in Valero Energy in the fourth quarter valued at about $37,000. Finally, Golden State Wealth Management LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VLO. Mizuho lowered their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of 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 reduced 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, Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One research 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 stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $156.08.

Valero Energy Price Performance

NYSE VLO opened at $133.89 on Thursday. The company has a 50-day moving average price of $133.68 and a two-hundred day moving average price of $133.58. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.38%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 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.