Nuveen Asset Management LLC Reduces Holdings in Valero Energy Co. (NYSE:VLO)

Nuveen Asset Management LLC reduced its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,187,314 shares of the oil and gas company's stock after selling 513,963 shares during the period. Nuveen Asset Management LLC owned approximately 1.64% of Valero Energy worth $635,913,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the fourth quarter valued at about $25,000. Tobam purchased a new position in Valero Energy in the fourth quarter valued at about $30,000. OFI Invest Asset Management purchased a new position in Valero Energy in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in Valero Energy in the fourth quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC increased its holdings 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 buying an additional 183 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of research analyst reports. Morgan Stanley dropped 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. Barclays increased their target price 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. Raymond James dropped 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. Scotiabank dropped their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler decreased 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 report on Friday, May 9th. Two 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $151.93.

Valero Energy Trading Up 0.3%

Shares of VLO traded up $0.39 during mid-day trading on Friday, reaching $135.76. The company had a trading volume of 2,252,609 shares, compared to its average volume of 3,036,469. The stock has a market cap of $42.52 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The firm has a fifty day simple moving average of $121.08 and a 200-day simple moving average of $128.57. Valero Energy Co. has a fifty-two week low of $99.00 and a fifty-two week high of $167.78. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The company 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% compared to the same quarter last year. During the same quarter last year, the business earned $3.82 EPS. On average, sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

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 paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is 159.72%.

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.