Cresset Asset Management LLC Sells 13,509 Shares of Valero Energy Co. (NYSE:VLO)

Cresset Asset Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,953 shares of the oil and gas company's stock after selling 13,509 shares during the quarter. Cresset Asset Management LLC's holdings in Valero Energy were worth $6,369,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in Valero Energy in the 4th quarter worth $25,000. Tobam bought a new position in Valero Energy in the fourth quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Valero Energy during the 4th quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC grew its holdings in shares of Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 183 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE:VLO traded up $1.24 during trading hours on Friday, reaching $122.97. The company had a trading volume of 2,167,258 shares, compared to its average volume of 3,026,128. The firm's 50 day moving average price is $120.15 and its 200-day moving average price is $128.47. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.93 and a beta of 0.98. 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 $99.00 and a 52 week high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.82 EPS. On average, analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a dividend of $1.13 per share. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.68%. Valero Energy's dividend payout ratio (DPR) is 159.72%.

Analysts Set New Price Targets

VLO has been the topic of several recent research reports. Morgan Stanley reduced their price target 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. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Piper Sandler decreased their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Raymond James dropped their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. 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. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and an average target price of $149.53.

Valero Energy 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.