Two Sigma Investments LP Has $35.83 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Two Sigma Investments LP reduced its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,293 shares of the oil and gas company's stock after selling 310,781 shares during the period. Two Sigma Investments LP owned about 0.09% of Valero Energy worth $35,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Tidal Investments LLC boosted its position in Valero Energy by 15.9% during the fourth quarter. Tidal Investments LLC now owns 37,349 shares of the oil and gas company's stock valued at $4,579,000 after purchasing an additional 5,115 shares during the last quarter. State of Wyoming boosted its position in Valero Energy by 11.3% during the fourth quarter. State of Wyoming now owns 1,449 shares of the oil and gas company's stock valued at $178,000 after purchasing an additional 147 shares during the last quarter. Summit Street Capital Management LLC boosted its position in Valero Energy by 3.6% during the fourth quarter. Summit Street Capital Management LLC now owns 59,138 shares of the oil and gas company's stock valued at $7,250,000 after purchasing an additional 2,044 shares during the last quarter. Thomist Capital Management LP acquired a new position in Valero Energy during the fourth quarter valued at approximately $3,767,000. Finally, Scissortail Wealth Management LLC boosted its position in Valero Energy by 31,557.1% during the fourth quarter. Scissortail Wealth Management LLC now owns 2,216 shares of the oil and gas company's stock valued at $272,000 after purchasing an additional 2,209 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on VLO shares. The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Piper Sandler dropped their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Scotiabank dropped their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Mizuho upped their price objective on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Two 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $151.93.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $0.09 during trading hours on Friday, reaching $128.63. 2,052,954 shares of the stock were exchanged, compared to its average volume of 3,034,109. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 2.93 and a beta of 0.98. 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's fifty day simple moving average is $121.20 and its 200 day simple moving average is $128.59.

Valero Energy (NYSE:VLO - Get Free Report) last issued 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). The company 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 9.58% and a net margin of 2.13%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.82 EPS. Sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared 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. This represents a $4.52 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

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.