Valero Energy Co. (NYSE:VLO) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 19.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,494 shares of the oil and gas company's stock after selling 4,130 shares during the period. Integrated Advisors Network LLC's holdings in Valero Energy were worth $2,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLO. World Investment Advisors lifted its stake in Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after purchasing an additional 78 shares in the last quarter. Silver Coast Investments LLC raised its position in Valero Energy by 1.7% in the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after purchasing an additional 83 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after acquiring an additional 94 shares during the last quarter. Providence Wealth Advisors LLC grew its holdings in Valero Energy by 1.1% in the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after acquiring an additional 94 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in Valero Energy by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after acquiring an additional 99 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Shares of Valero Energy stock traded up $0.54 during midday trading on Friday, hitting $134.04. The company had a trading volume of 3,758,276 shares, compared to its average volume of 3,036,156. The stock has a market cap of $41.98 billion, a price-to-earnings ratio of 15.81, a PEG 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. The company has a fifty day simple moving average of $122.26 and a 200 day simple moving average of $127.48. 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 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). 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 analysts' expectations of $28.54 billion. During the same period in the prior year, the business posted $3.82 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is 159.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VLO shares. Morgan Stanley cut their target price on shares of 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 target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Barclays boosted their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Mizuho boosted their target price on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Two equities research 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 company's stock. According to MarketBeat.com, Valero Energy has an average rating of "Buy" and an average price target of $151.93.

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.