UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $256.90 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,095,594 shares of the oil and gas company's stock after selling 432,301 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of Valero Energy worth $256,899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VLO. Waverly Advisors LLC lifted its stake in Valero Energy by 63.0% during the fourth quarter. Waverly Advisors LLC now owns 6,292 shares of the oil and gas company's stock valued at $771,000 after buying an additional 2,433 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Valero Energy by 37.7% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 717,587 shares of the oil and gas company's stock valued at $87,969,000 after acquiring an additional 196,580 shares during the period. William B. Walkup & Associates Inc. lifted its position in shares of Valero Energy by 0.3% in the 4th quarter. William B. Walkup & Associates Inc. now owns 73,273 shares of the oil and gas company's stock valued at $8,983,000 after acquiring an additional 184 shares in the last quarter. Woodline Partners LP acquired a new position in Valero Energy in the 4th quarter worth approximately $2,331,000. Finally, Vident Advisory LLC boosted its stake in Valero Energy by 56.7% in the 4th quarter. Vident Advisory LLC now owns 22,820 shares of the oil and gas company's stock worth $2,798,000 after purchasing an additional 8,257 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 1.5%

VLO stock traded up $1.91 during trading hours on Tuesday, hitting $130.46. The company's stock had a trading volume of 527,468 shares, compared to its average volume of 3,029,251. The stock has a 50 day moving average price of $121.10 and a two-hundred day moving average price of $128.41. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78. The company has a market capitalization of $40.86 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. 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 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 the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during 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%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.82 EPS. On average, equities research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be given a $1.13 dividend. 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 3.46%. Valero Energy's dividend payout ratio is currently 159.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VLO. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. Piper Sandler dropped their target price on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, UBS Group decreased their price target on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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 stock. According to MarketBeat, the company currently has an average 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.