Two Sigma Advisers LP lowered its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,400 shares of the oil and gas company's stock after selling 243,100 shares during the period. Two Sigma Advisers LP owned 0.11% of Valero Energy worth $41,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy during the fourth quarter worth $25,000. Tobam acquired a new position in Valero Energy in the fourth quarter valued at $30,000. Golden State Wealth Management LLC acquired a new position in Valero Energy in the fourth quarter valued at $38,000. OFI Invest Asset Management acquired a new position in Valero Energy in the fourth quarter valued at $37,000. Finally, Creative Capital Management Investments LLC boosted its stake in 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 acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VLO. TD Cowen decreased their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James decreased their price objective on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. UBS Group decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $151.93.
Get Our Latest Analysis on Valero Energy
Valero Energy Trading Down 1.1%
NYSE VLO opened at $134.20 on Tuesday. The stock has a market capitalization of $42.03 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $167.78. The firm has a 50-day moving average price of $121.26 and a 200 day moving average price of $128.60. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.82 earnings per share. Equities research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.37%. Valero Energy's dividend payout ratio is currently 159.72%.
About Valero Energy
(
Free Report)
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.
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