Sendero Wealth Management LLC Buys 2,000 Shares of Valero Energy Co. (NYSE:VLO)

Sendero Wealth Management LLC lifted its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,198 shares of the oil and gas company's stock after buying an additional 2,000 shares during the period. Sendero Wealth Management LLC's holdings in Valero Energy were worth $2,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in shares of Valero Energy by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock worth $14,751,000 after acquiring an additional 455 shares in the last quarter. Patten Group Inc. acquired a new position in Valero Energy during the fourth quarter worth $277,000. Charles Schwab Investment Management Inc. grew its position in Valero Energy by 4.0% in the fourth 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 purchasing an additional 413,963 shares in the last quarter. Private Management Group Inc. increased its stake 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 buying an additional 25,600 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Valero Energy by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 16,056 shares of the oil and gas company's stock worth $1,920,000 after buying an additional 3,004 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Scotiabank cut their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho raised 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. Finally, UBS Group dropped their price target on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $151.93.

Valero Energy Stock Performance

Shares of NYSE VLO traded up $0.24 during midday trading on Thursday, hitting $126.78. The company's stock had a trading volume of 1,845,421 shares, compared to its average volume of 3,026,761. The firm has a market capitalization of $39.71 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.93 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $120.53 and a 200 day moving average price of $128.06. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.82 EPS. On average, research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 3.57%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) 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.