Family Management Corp Boosts Position in Valero Energy Co. (NYSE:VLO)

Family Management Corp boosted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 61.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 23,489 shares of the oil and gas company's stock after acquiring 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth approximately $25,000. Tobam acquired a new position in Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in Valero Energy during the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in Valero Energy in the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC boosted its position 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 acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 1.0 %

Valero Energy stock traded up $1.24 during mid-day trading on Friday, reaching $122.97. The stock had a trading volume of 2,167,258 shares, compared to its average volume of 3,026,128. 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 stock's 50-day simple moving average is $120.15 and its 200-day simple moving average is $128.44. The firm has a market capitalization of $38.51 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a fifty-two week low of $99.00 and a fifty-two week high of $167.78.

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). The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $3.82 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business 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 dividend of $1.13 per share. 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 (DPR) is presently 159.72%.

Analyst Ratings Changes

Several analysts have recently issued reports on VLO shares. Scotiabank lowered their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. UBS Group lowered 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. Piper Sandler cut their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday. Morgan Stanley decreased their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.53.

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.