Family Management Corp Has $2.88 Million Stake in Valero Energy Co. (NYSE:VLO)

Family Management Corp raised its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 61.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,489 shares of the oil and gas company's stock after purchasing an additional 8,930 shares during the period. Family Management Corp's holdings in Valero Energy were worth $2,880,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VLO. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy during the fourth quarter worth approximately $25,000. Tobam purchased a new position in Valero Energy in the 4th quarter valued at about $30,000. OFI Invest Asset Management acquired a new position in shares of Valero Energy during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $38,000. Finally, Creative Capital Management Investments LLC lifted its stake in Valero Energy by 122.0% during 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. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on VLO. UBS Group decreased their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Morgan Stanley cut their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Mizuho raised their target price on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday. Scotiabank decreased their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $151.93.

Valero Energy Trading Up 4.3%

Shares of NYSE:VLO traded up $5.63 during midday trading on Tuesday, reaching $136.12. The company had a trading volume of 1,969,449 shares, compared to its average volume of 3,026,581. The company has a fifty day simple moving average of $120.32 and a two-hundred day simple moving average of $128.41. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market cap of $42.63 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98.

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 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 earnings per share. Research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.32%. Valero Energy's dividend payout ratio is currently 159.72%.

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.