Oppenheimer Asset Management Inc. Has $1.26 Million Stake in Valero Energy Corporation (NYSE:VLO)

Oppenheimer Asset Management Inc. cut its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 62.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,557 shares of the oil and gas company's stock after selling 15,698 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Valero Energy were worth $1,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VLO. Denali Advisors LLC boosted its holdings in Valero Energy by 28.1% during the fourth quarter. Denali Advisors LLC now owns 4,100 shares of the oil and gas company's stock valued at $503,000 after acquiring an additional 900 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Valero Energy by 2.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 51,262 shares of the oil and gas company's stock valued at $6,284,000 after acquiring an additional 1,085 shares during the period. Proficio Capital Partners LLC bought a new stake in Valero Energy during the fourth quarter valued at about $28,894,000. QRG Capital Management Inc. boosted its holdings in Valero Energy by 11.2% during the fourth quarter. QRG Capital Management Inc. now owns 85,134 shares of the oil and gas company's stock valued at $10,437,000 after acquiring an additional 8,575 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Valero Energy by 6.9% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,550 shares of the oil and gas company's stock valued at $190,000 after acquiring an additional 100 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VLO shares. Mizuho increased their target price on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Evercore ISI started coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 target price for the company. UBS Group reduced their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Scotiabank reduced their target price 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. Finally, Piper Sandler reduced their target price 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. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and a consensus target price of $150.88.

Valero Energy Price Performance

VLO traded down $2.21 during midday trading on Friday, reaching $134.76. 8,049,061 shares of the company's stock were exchanged, compared to its average volume of 3,046,881. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 47.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. 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 Corporation has a one year low of $99.00 and a one year high of $167.78. The business has a 50-day simple moving average of $127.81 and a two-hundred day simple moving average of $127.67.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data 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). 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.82 EPS. As a group, research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were issued a dividend of $1.13 per share. 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 3.35%. Valero Energy's dividend payout ratio is 159.72%.

Valero Energy 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.