Vinva Investment Management Ltd Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Vinva Investment Management Ltd reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,649 shares of the oil and gas company’s stock after selling 12,792 shares during the quarter. Vinva Investment Management Ltd’s holdings in Valero Energy were worth $317,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock worth $1,311,864,000 after buying an additional 413,963 shares during the period. Franklin Resources Inc. grew its holdings in Valero Energy by 5.6% during 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 in the last quarter. Pacer Advisors Inc. grew its holdings in Valero Energy by 13.6% during the 4th quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company’s stock valued at $499,210,000 after purchasing an additional 487,022 shares in the last quarter. Wellington Management Group LLP grew its holdings in 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 valued at $384,907,000 after purchasing an additional 2,793,607 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its holdings in Valero Energy by 6.3% during 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 purchasing an additional 151,200 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of recent analyst reports. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler lowered their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Mizuho lowered their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy Trading Down 2.5 %

Valero Energy stock opened at $131.42 on Friday. The firm’s 50-day moving average is $133.96 and its 200-day moving average is $133.48. 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 Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The company has a market cap of $41.39 billion, a P/E ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, equities analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a $1.13 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

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.