Valero Energy Co. (NYSE:VLO) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,953 shares of the oil and gas company's stock after selling 13,509 shares during the period. Cresset Asset Management LLC's holdings in Valero Energy were worth $6,369,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Valero Energy in the fourth quarter worth about $25,000. Tobam purchased a new position in shares of Valero Energy in the fourth quarter worth about $30,000. Golden State Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter worth about $38,000. OFI Invest Asset Management purchased a new position in shares of Valero Energy in the fourth quarter worth about $37,000. Finally, Creative Capital Management Investments LLC raised its stake in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VLO. UBS Group reduced their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $127.00 to $154.00 in a research note on Tuesday. Barclays boosted their target price on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday. TD Cowen decreased their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Raymond James decreased their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.93.

Valero Energy Price Performance

Shares of VLO traded up $5.67 during trading hours on Tuesday, hitting $136.16. 1,649,813 shares of the stock were exchanged, compared to its average volume of 3,025,377. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78. The company has a market cap of $42.65 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The stock's 50-day moving average price is $120.32 and its two-hundred day moving average price is $128.41. 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 (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the previous year, the company earned $3.82 EPS. Valero Energy's quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is currently 159.72%.

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.