Jacobs Levy Equity Management Inc. Has $165.49 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Jacobs Levy Equity Management Inc. decreased its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,349,933 shares of the oil and gas company's stock after selling 233,754 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.43% of Valero Energy worth $165,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Guardian Wealth Advisors LLC NC raised its holdings in shares of Valero Energy by 9.6% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 1,979 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 173 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Valero Energy by 68.6% during the 4th quarter. Focus Partners Wealth now owns 34,199 shares of the oil and gas company's stock valued at $4,222,000 after purchasing an additional 13,915 shares in the last quarter. Ethic Inc. raised its holdings in shares of Valero Energy by 223.6% during the 4th quarter. Ethic Inc. now owns 7,223 shares of the oil and gas company's stock valued at $885,000 after purchasing an additional 4,991 shares in the last quarter. Family Management Corp raised its holdings in shares of Valero Energy by 61.3% during the 4th quarter. Family Management Corp now owns 23,489 shares of the oil and gas company's stock valued at $2,880,000 after purchasing an additional 8,930 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Valero Energy by 23.6% during the 4th quarter. Deutsche Bank AG now owns 1,450,479 shares of the oil and gas company's stock valued at $177,814,000 after purchasing an additional 277,092 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

NYSE VLO traded down $0.67 during midday trading on Wednesday, hitting $134.44. The company had a trading volume of 2,931,292 shares, compared to its average volume of 3,040,069. 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 stock has a market cap of $42.11 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.93 and a beta of 0.98. The firm has a fifty day simple moving average of $120.66 and a two-hundred day simple moving average of $128.49. Valero Energy Co. has a fifty-two week low of $99.00 and a fifty-two week high of $167.78.

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). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays raised their target price on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday. Piper Sandler lowered their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James lowered their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Three research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $151.93.

Valero Energy Company 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.