Mutual of America Capital Management LLC Lowers Position in Valero Energy Co. (NYSE:VLO)

Mutual of America Capital Management LLC reduced its stake in Valero Energy Co. (NYSE:VLO) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,226 shares of the oil and gas company’s stock after selling 1,992 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Valero Energy were worth $5,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy in the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in Valero Energy in the 3rd quarter valued at $28,000. Tobam purchased a new stake in Valero Energy in the 4th quarter valued at $30,000. True Wealth Design LLC raised its position in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in Valero Energy in the 3rd quarter valued at $38,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Down 1.8 %

VLO stock opened at $128.37 on Tuesday. 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 company has a market capitalization of $40.64 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The stock has a fifty day moving average of $132.25 and a 200-day moving average of $134.90.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, equities research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.52%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VLO shares. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

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.