Sagefield Capital LP Cuts Stock Position in Valero Energy Co. (NYSE:VLO)

Sagefield Capital LP lessened its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 31.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,623 shares of the oil and gas company's stock after selling 35,314 shares during the period. Valero Energy makes up approximately 1.0% of Sagefield Capital LP's portfolio, making the stock its 28th biggest holding. Sagefield Capital LP's holdings in Valero Energy were worth $9,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Valero Energy by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after acquiring an additional 4,805,133 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after acquiring an additional 413,963 shares during the period. Ameriprise Financial Inc. grew its holdings in Valero Energy by 5.7% during the fourth quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company's stock worth $973,119,000 after acquiring an additional 429,252 shares during the period. Geode Capital Management LLC grew its holdings in Valero Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after acquiring an additional 100,248 shares during the period. Finally, Norges Bank acquired a new position in Valero Energy during the fourth quarter worth $669,400,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 0.3%

Shares of VLO opened at $135.76 on Friday. The firm has a market capitalization of $42.52 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.93 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business's fifty day moving average price is $121.08 and its two-hundred day moving average price is $128.57. 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 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 the consensus estimate of $28.54 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Raymond James lowered their target price on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Scotiabank lowered their target price on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. TD Cowen decreased their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays increased their price objective on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Mizuho increased their price objective on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "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.

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