Summit Street Capital Management LLC Has $7.25 Million Position in Valero Energy Co. (NYSE:VLO)

Summit Street Capital Management LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,138 shares of the oil and gas company's stock after buying an additional 2,044 shares during the quarter. Valero Energy comprises about 2.6% of Summit Street Capital Management LLC's portfolio, making the stock its 21st largest holding. Summit Street Capital Management LLC's holdings in Valero Energy were worth $7,250,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $25,000. Tobam acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC grew its position in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 1.6%

Shares of NYSE:VLO traded down $2.13 during trading on Tuesday, reaching $132.20. The stock had a trading volume of 1,908,613 shares, compared to its average volume of 3,024,485. The firm's fifty day moving average is $121.39 and its 200 day moving average is $128.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $167.78. The stock has a market cap of $41.41 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.93 and a beta of 0.98.

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 EPS 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 the consensus estimate of $28.54 billion. During the same period in the prior year, the company posted $3.82 earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.42%. Valero Energy's payout ratio is presently 159.72%.

Analyst Ratings Changes

Several analysts have weighed in on VLO shares. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen cut their target price 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. UBS Group cut their target price on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Scotiabank lowered 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 research report on Friday, April 11th. Two equities research 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 company. Based on data from MarketBeat, the stock has a consensus 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.