Oakworth Capital Inc. raised its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 56,398.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,623 shares of the oil and gas company's stock after acquiring an additional 70,498 shares during the quarter. Valero Energy makes up 0.7% of Oakworth Capital Inc.'s portfolio, making the stock its 25th biggest position. Oakworth Capital Inc.'s holdings in Valero Energy were worth $9,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in Valero Energy by 4.1% in the fourth quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company's stock worth $1,276,875,000 after purchasing an additional 395,771 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Valero Energy by 8.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company's stock worth $775,264,000 after purchasing an additional 587,056 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Valero Energy by 7.6% in the second quarter. Nuveen Asset Management LLC now owns 6,128,301 shares of the oil and gas company's stock worth $718,850,000 after purchasing an additional 434,057 shares in the last quarter. Norges Bank acquired a new position in Valero Energy in the fourth quarter worth about $534,892,000. Finally, Northern Trust Corp boosted its stake in Valero Energy by 3.2% in the third quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company's stock valued at $552,651,000 after acquiring an additional 121,057 shares during the period. 78.69% of the stock is currently owned by institutional investors.
Valero Energy Price Performance
NYSE:VLO traded down $1.73 during midday trading on Wednesday, hitting $167.26. 2,469,724 shares of the stock were exchanged, compared to its average volume of 3,368,849. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The company has a market capitalization of $55.61 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 1.65 and a beta of 1.54. The business has a 50-day moving average price of $157.18 and a two-hundred day moving average price of $138.75. The company has a current ratio of 1.56, 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 earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion for the quarter, compared to analysts' expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm's quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.45 earnings per share. Sell-side analysts predict that Valero Energy Co. will post 17.25 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 given a $1.07 dividend. This is a positive change from Valero Energy's previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, January 31st. This represents a $4.28 annualized dividend and a yield of 2.56%. Valero Energy's payout ratio is 17.31%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. TD Cowen lifted their target price on Valero Energy from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Raymond James lifted their price target on Valero Energy from $154.00 to $155.00 and gave the company a "strong-buy" rating in a report on Friday, January 26th. Piper Sandler lifted their price target on Valero Energy from $161.00 to $198.00 and gave the company an "overweight" rating in a report on Wednesday, April 3rd. Mizuho cut Valero Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from $150.00 to $173.00 in a report on Friday, March 22nd. Finally, Citigroup initiated coverage on Valero Energy in a report on Wednesday, January 24th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $172.40.
View Our Latest Research Report on Valero Energy
About Valero Energy
(
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.
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