2,260 Shares in Valero Energy Co. (NYSE:VLO) Purchased by Michels Family Financial LLC

Michels Family Financial LLC acquired a new stake in Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,260 shares of the oil and gas company's stock, valued at approximately $277,000.

Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its stake in Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after purchasing an additional 455 shares during the last quarter. Patten Group Inc. bought a new position in Valero Energy in the 4th quarter valued at about $277,000. Charles Schwab Investment Management Inc. raised its holdings in Valero Energy by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after acquiring an additional 413,963 shares during the period. Private Management Group Inc. raised its holdings in Valero Energy by 7.4% in the 4th quarter. Private Management Group Inc. now owns 372,451 shares of the oil and gas company's stock valued at $45,659,000 after acquiring an additional 25,600 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Valero Energy by 6.9% in the 4th quarter. Sound Income Strategies LLC now owns 94,892 shares of the oil and gas company's stock valued at $11,633,000 after acquiring an additional 6,095 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

Shares of Valero Energy stock traded up $1.23 during midday trading on Thursday, hitting $128.16. The company had a trading volume of 1,073,372 shares, compared to its average volume of 3,033,830. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78. The company has a fifty day simple moving average of $120.92 and a 200 day simple moving average of $128.41. 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 stock has a market cap of $40.14 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.93 and a beta of 0.98.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same quarter in the previous year, the business posted $3.82 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Analyst Upgrades and Downgrades

VLO has been the topic of several recent research reports. Mizuho raised their target price on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. UBS Group cut their price target on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. dropped 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. Piper Sandler decreased their price target on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Scotiabank decreased their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $151.93.

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.