Cornerstone Select Advisors LLC Invests $1.25 Million in Valero Energy Co. (NYSE:VLO)

Cornerstone Select Advisors LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,188 shares of the oil and gas company's stock, valued at approximately $1,249,000. Valero Energy accounts for 1.2% of Cornerstone Select Advisors LLC's holdings, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at $25,000. Tobam bought a new stake in Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in Valero Energy during the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in Valero Energy in the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC raised its position in shares of Valero Energy by 122.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after buying an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Up 1.0 %

Shares of Valero Energy stock traded up $1.24 during trading on Friday, hitting $122.97. The company's stock had a trading volume of 2,167,258 shares, compared to its average volume of 3,022,168. The stock has a market cap of $38.51 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $167.78. The stock has a 50-day moving average price of $120.15 and a two-hundred day moving average price of $128.47.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same period in the previous year, the company posted $3.82 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VLO shares. TD Cowen decreased their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Morgan Stanley reduced their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their target price on Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $149.53.

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.