Thoroughbred Financial Services LLC Has $4.49 Million Position in Valero Energy Co. (NYSE:VLO)

Thoroughbred Financial Services LLC cut its position in shares of Valero Energy Co. (NYSE:VLO) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,605 shares of the oil and gas company’s stock after selling 761 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Valero Energy were worth $4,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $25,000. Tobam bought a new position in Valero Energy in the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new stake in Valero Energy during the fourth quarter worth $38,000. OFI Invest Asset Management bought a new stake in Valero Energy in the 4th quarter valued at $37,000. Finally, Creative Capital Management Investments LLC raised its stake in shares of Valero Energy by 122.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 183 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 14.4 %

Shares of Valero Energy stock opened at $114.41 on Friday. Valero Energy Co. has a 12 month low of $112.76 and a 12 month high of $184.79. The business has a fifty day simple moving average of $132.64 and a 200 day simple moving average of $133.17. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $36.04 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Research analysts predict that Valero Energy Co. will post 7.92 EPS for the current 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 dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.95%. Valero Energy’s payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VLO shares. Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.67.

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.