Man Group plc reduced its position in Valero Energy Co. (NYSE:VLO - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,237 shares of the oil and gas company's stock after selling 16,712 shares during the quarter. Man Group plc's holdings in Valero Energy were worth $6,281,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy during the 4th quarter worth about $25,000. Tobam purchased a new position in Valero Energy during the 4th quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in Valero Energy during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC boosted its holdings in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after acquiring an additional 183 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Price Performance
Valero Energy stock traded down $0.09 on Friday, reaching $128.63. The company's stock had a trading volume of 2,052,954 shares, compared to its average volume of 3,034,109. 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 company has a market cap of $40.29 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.93 and a beta of 0.98. The business's fifty day moving average price is $121.20 and its 200 day moving average price is $128.59. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $167.78.
Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.82 EPS. Equities analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be given a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.51%. Valero Energy's payout ratio is 159.72%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. TD Cowen decreased 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. 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. JPMorgan Chase & Co. decreased their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Mizuho boosted their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Valero Energy has a consensus rating of "Buy" and a consensus price target of $151.93.
Check Out Our Latest Report on Valero Energy
About Valero Energy
(
Free Report)
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.
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