Valero Energy Corporation (NYSE:VLO) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY trimmed its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,784 shares of the oil and gas company's stock after selling 5,300 shares during the period. Valero Energy accounts for about 1.9% of Spirit of America Management Corp NY's holdings, making the stock its 11th biggest holding. Spirit of America Management Corp NY's holdings in Valero Energy were worth $9,481,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VLO. Atria Wealth Solutions Inc. raised its position in shares of Valero Energy by 3.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 25,034 shares of the oil and gas company's stock valued at $3,069,000 after buying an additional 749 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Valero Energy in the fourth quarter valued at about $89,000. Global Retirement Partners LLC raised its position in shares of Valero Energy by 12.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,697 shares of the oil and gas company's stock valued at $698,000 after buying an additional 645 shares during the last quarter. Emerald Advisors LLC raised its position in shares of Valero Energy by 7.6% in the fourth quarter. Emerald Advisors LLC now owns 3,751 shares of the oil and gas company's stock valued at $460,000 after buying an additional 266 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Valero Energy by 76.2% in the fourth quarter. Ieq Capital LLC now owns 27,988 shares of the oil and gas company's stock valued at $3,431,000 after purchasing an additional 12,106 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLO has been the subject of a number of analyst reports. Barclays upped their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Raymond James Financial lowered their target price 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. Evercore ISI started coverage on shares of Valero Energy in a research note on Wednesday. They set an "in-line" rating and a $135.00 target price for the company. Finally, Piper Sandler lowered their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.88.

Valero Energy Trading Down 1.7%

NYSE VLO opened at $139.42 on Friday. The firm has a 50 day simple moving average of $124.50 and a 200-day simple moving average of $127.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. Valero Energy Corporation has a one year low of $99.00 and a one year high of $167.78. The firm has a market cap of $43.67 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.43 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The business had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the previous year, the business posted $3.82 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were issued a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.24%. Valero Energy's dividend payout ratio (DPR) 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.

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