Crossmark Global Holdings Inc. Has $20.36 Million Stock Holdings in Valero Energy Corporation (NYSE:VLO)

Crossmark Global Holdings Inc. grew its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,162 shares of the oil and gas company's stock after acquiring an additional 8,760 shares during the period. Crossmark Global Holdings Inc.'s holdings in Valero Energy were worth $20,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Norges Bank purchased a new position in shares of Valero Energy during the 4th quarter valued at $669,400,000. Vanguard Group Inc. grew its holdings 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 valued at $4,257,024,000 after acquiring an additional 4,805,133 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Valero Energy by 15,395.5% during the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock valued at $179,047,000 after acquiring an additional 1,346,950 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Valero Energy during the 4th quarter valued at $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Valero Energy in the fourth quarter worth $98,376,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $4.89 during mid-day trading on Tuesday, hitting $148.63. The company had a trading volume of 7,593,548 shares, compared to its average volume of 3,076,102. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. The business's 50-day simple moving average is $131.17 and its 200-day simple moving average is $128.40. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $167.78. The firm has a market cap of $46.55 billion, a P/E ratio of 52.52, a PEG ratio of 2.47 and a beta of 1.00.

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 for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the previous year, the business posted $3.82 EPS. The firm's quarterly revenue was down 4.7% on a year-over-year basis. As a group, analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's payout ratio is presently 159.72%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Piper Sandler decreased their price objective on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 9th. TD Cowen decreased their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a report on Friday, April 25th. Scotiabank decreased 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 report on Friday, April 11th. Finally, Evercore ISI assumed coverage on shares of Valero Energy in a report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price objective for the company. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.75.

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.