Redwood Investment Management LLC Has $250,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Redwood Investment Management LLC decreased its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 94.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,043 shares of the oil and gas company's stock after selling 33,754 shares during the period. Redwood Investment Management LLC's holdings in Valero Energy were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth about $25,000. Tobam bought a new stake in shares of Valero Energy during the 4th quarter worth about $30,000. OFI Invest Asset Management bought a new stake in shares of Valero Energy during the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in shares of Valero Energy during the 4th quarter worth about $38,000. Finally, Creative Capital Management Investments LLC boosted its holdings in shares of Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after buying an additional 183 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

NYSE:VLO traded down $2.13 on Tuesday, hitting $132.20. The company had a trading volume of 1,908,613 shares, compared to its average volume of 3,024,485. The stock has a market capitalization of $41.41 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.93 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $121.26 and a two-hundred day moving average of $128.60. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last issued 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). The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.82 EPS. On average, research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Analysts Set New Price Targets

VLO has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Raymond James cut 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 report on Wednesday, April 9th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays boosted 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. Finally, Morgan Stanley cut their price objective 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. Two equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $151.93.

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.