CX Institutional Has $485,000 Stock Position in Valero Energy Co. (NYSE:VLO)

CX Institutional lessened its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 57.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,669 shares of the oil and gas company's stock after selling 4,959 shares during the period. CX Institutional's holdings in Valero Energy were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VLO. Ameriflex Group Inc. acquired a new stake in Valero Energy in the 4th quarter valued at approximately $29,000. OFI Invest Asset Management acquired a new position in shares of Valero Energy in the fourth quarter worth $37,000. Creative Capital Management Investments LLC grew its stake 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 worth $41,000 after acquiring an additional 183 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Valero Energy during the 4th quarter worth $44,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Valero Energy during the 4th quarter worth $52,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Price Performance

NYSE VLO traded up $0.54 on Friday, reaching $134.04. 3,758,276 shares of the stock traded hands, compared to its average volume of 3,036,156. The firm's fifty day simple moving average is $122.26 and its 200 day simple moving average is $127.48. 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 company has a market cap of $41.98 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.93 and a beta of 0.99. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Valero Energy's revenue for the quarter 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 Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.37%. Valero Energy's payout ratio is presently 159.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VLO shares. Mizuho lifted their price objective on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley lowered their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. Barclays increased their target price on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Piper Sandler lowered their price target on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $151.93.

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.