Valero Energy Corporation (NYSE:VLO) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,162 shares of the oil and gas company's stock after buying an additional 8,760 shares during the period. Crossmark Global Holdings Inc.'s holdings in Valero Energy were worth $20,360,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Valero Energy during the fourth quarter worth $669,400,000. Vanguard Group Inc. lifted its position in shares of Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after purchasing an additional 4,805,133 shares during the last quarter. GAMMA Investing LLC increased its holdings in Valero Energy by 15,395.5% in the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock valued at $179,047,000 after buying an additional 1,346,950 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Valero Energy during the 4th quarter worth about $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Valero Energy during the 4th quarter worth about $98,376,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE VLO traded up $5.74 during trading hours on Thursday, hitting $154.81. 3,762,279 shares of the stock were exchanged, compared to its average volume of 3,079,938. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 2.58 and a beta of 1.00. The stock has a 50-day moving average of $132.49 and a 200 day moving average of $128.68. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $167.78. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.82 earnings per share. As a group, equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.92%. Valero Energy's payout ratio is 159.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on VLO shares. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $127.00 to $154.00 in a report on Tuesday, May 13th. UBS Group raised their price objective on Valero Energy from $150.00 to $164.00 and gave the stock a "buy" rating in a report on Tuesday. Piper Sandler boosted their target price on Valero Energy from $142.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday. Wells Fargo & Company raised their price target on Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, TD Cowen reduced their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.56.

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.