Allspring Global Investments Holdings LLC reduced its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,506,491 shares of the oil and gas company's stock after selling 78,242 shares during the period. Allspring Global Investments Holdings LLC owned 0.44% of Valero Energy worth $195,844,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Valero Energy during the third quarter worth $28,000. Indiana Trust & Investment Management CO bought a new position in Valero Energy in the 3rd quarter valued at about $28,000. BKM Wealth Management LLC acquired a new position in Valero Energy during the 4th quarter valued at about $26,000. Live Oak Investment Partners acquired a new position in Valero Energy during the 4th quarter valued at about $26,000. Finally, Quarry LP lifted its holdings in shares of Valero Energy by 1,676.9% in the first quarter. Quarry LP now owns 231 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Valero Energy Price Performance
Shares of VLO traded down $2.51 during trading hours on Monday, reaching $180.88. 2,538,398 shares of the company's stock traded hands, compared to its average volume of 3,439,441. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $152.19 and its 200-day simple moving average is $137.26. The stock has a market cap of $60.14 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 1.78 and a beta of 1.54. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $184.79.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion for the quarter, compared to analysts' expectations of $34.76 billion. During the same quarter last year, the company posted $8.45 EPS. The business's quarterly revenue was down 15.2% on a year-over-year basis. Equities analysts expect that Valero Energy Co. will post 17.14 EPS for the current year.
Valero Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 1st were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Valero Energy's previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a dividend yield of 2.37%. Valero Energy's dividend payout ratio (DPR) is 17.31%.
Wall Street Analysts Forecast Growth
VLO has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Valero Energy from $171.00 to $184.00 and gave the company an "equal weight" rating in a research report on Thursday. Barclays lifted their target price on Valero Energy from $149.00 to $179.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Citigroup initiated coverage on shares of Valero Energy in a research report on Wednesday, January 24th. They issued a "buy" rating on the stock. Finally, UBS Group increased their target price on shares of Valero Energy from $167.00 to $197.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.93.
Read Our Latest Analysis on VLO
Valero Energy Profile
(
Free Report)
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.
Further Reading
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