NorthCrest Asset Manangement LLC Purchases 2,028 Shares of Valero Energy Co. (NYSE:VLO)

NorthCrest Asset Manangement LLC grew its position in Valero Energy Co. (NYSE:VLO - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,904 shares of the oil and gas company's stock after buying an additional 2,028 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Valero Energy were worth $12,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. World Investment Advisors increased its stake in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock valued at $530,000 after buying an additional 78 shares during the period. Silver Coast Investments LLC increased its stake in Valero Energy by 1.7% during the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock valued at $622,000 after buying an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. grew its stake in shares of Valero Energy by 2.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 90 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after purchasing an additional 94 shares during the last quarter. Finally, Providence Wealth Advisors LLC grew its stake in shares of Valero Energy by 1.1% in the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after purchasing an additional 94 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. 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 note on Tuesday, May 13th. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. Morgan Stanley decreased their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Cowen decreased their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Piper Sandler decreased their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $151.93.

Valero Energy Stock Down 0.3%

NYSE VLO traded down $0.36 during trading on Friday, reaching $128.80. The company's stock had a trading volume of 3,870,512 shares, compared to its average volume of 3,036,263. 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 market capitalization of $40.34 billion, a PE ratio of 15.19, a PEG ratio of 2.93 and a beta of 0.98. The business has a 50-day moving average price of $120.80 and a 200-day moving average price of $128.29. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last posted its 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 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%. Valero Energy's revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.82 earnings per share. On average, research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio is 159.72%.

About Valero Energy

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.