Annex Advisory Services LLC Sells 10,481 Shares of Valero Energy Co. (NYSE:VLO)

Annex Advisory Services LLC cut its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,943 shares of the oil and gas company's stock after selling 10,481 shares during the quarter. Annex Advisory Services LLC's holdings in Valero Energy were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Spire Wealth Management raised its holdings in shares of Valero Energy by 5.8% during the 4th quarter. Spire Wealth Management now owns 2,118 shares of the oil and gas company's stock valued at $260,000 after buying an additional 117 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in Valero Energy by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 40,049 shares of the oil and gas company's stock worth $4,910,000 after buying an additional 309 shares in the last quarter. Guidance Capital Inc. bought a new position in Valero Energy during the fourth quarter valued at approximately $803,000. Paragon Capital Management Inc. purchased a new position in shares of Valero Energy during the fourth quarter worth approximately $1,749,000. Finally, Yousif Capital Management LLC lifted its holdings in shares of Valero Energy by 0.8% in the 4th quarter. Yousif Capital Management LLC now owns 52,379 shares of the oil and gas company's stock worth $6,421,000 after acquiring an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock 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. TD Cowen decreased their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays increased their target price on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Piper Sandler decreased their price target on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $151.93.

Valero Energy Stock Up 1.2%

Shares of VLO stock traded up $1.47 during mid-day trading on Friday, reaching $128.35. 2,606,350 shares of the company's stock traded hands, compared to its average volume of 3,029,419. The company's 50-day moving average price is $120.42 and its 200-day moving average price is $127.94. The company has a market cap of $40.20 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.93 and a beta of 0.99. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $99.00 and a 12 month 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 the consensus estimate 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 the consensus estimate of $28.54 billion. During the same period in the previous year, the firm earned $3.82 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.52%. Valero Energy's payout ratio 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.