Scissortail Wealth Management LLC Has $272,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Scissortail Wealth Management LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 31,557.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the oil and gas company's stock after acquiring an additional 2,209 shares during the quarter. Scissortail Wealth Management LLC's holdings in Valero Energy were worth $272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock valued at $4,257,024,000 after purchasing an additional 4,805,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Valero Energy by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after buying an additional 413,963 shares during the period. Ameriprise Financial Inc. raised its position in shares of 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 last quarter. Geode Capital Management LLC lifted its stake in shares of 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 valued at $844,775,000 after acquiring an additional 100,248 shares during the period. Finally, Norges Bank bought a new position in Valero Energy in the fourth quarter valued at about $669,400,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Performance

VLO stock opened at $135.76 on Friday. Valero Energy Co. has a 1-year low of $99.00 and a 1-year 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. The firm has a market cap of $42.52 billion, a PE ratio of 16.01, a P/E/G ratio of 2.93 and a beta of 0.98. The business's 50-day moving average price is $121.08 and its two-hundred day moving average price is $128.57.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter last year, the firm earned $3.82 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.

Analysts Set New Price Targets

VLO has been the topic of a number of research reports. Raymond James cut their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Barclays increased 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. JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, UBS Group reduced their price target on Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $151.93.

Valero Energy 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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