Valero Energy Co. (NYSE:VLO) Holdings Cut by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,804 shares of the oil and gas company’s stock after selling 44,447 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Valero Energy worth $31,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Providence Wealth Advisors LLC increased its position in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after buying an additional 75 shares during the period. Segment Wealth Management LLC grew its position in shares of Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after acquiring an additional 81 shares during the last quarter. Silver Coast Investments LLC increased its holdings in shares of Valero Energy by 1.7% in the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock worth $622,000 after acquiring an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. lifted its position in Valero Energy by 2.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 90 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 94 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho cut their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy Trading Up 3.0 %

Shares of NYSE VLO opened at $133.03 on Tuesday. The business has a 50 day simple moving average of $133.34 and a 200 day simple moving average of $133.68. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted 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 net margin of 2.13% and a return on equity of 9.58%. On average, research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.40%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

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.