TIAA Trust National Association Has $509,000 Holdings in Valero Energy Co. (NYSE:VLO)

TIAA Trust National Association trimmed its stake in Valero Energy Co. (NYSE:VLO) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,156 shares of the oil and gas company’s stock after selling 2,414 shares during the period. TIAA Trust National Association’s holdings in Valero Energy were worth $509,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. raised its position in shares of Valero Energy by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock worth $14,751,000 after acquiring an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Valero Energy during the 4th quarter valued at approximately $1,226,000. Hudson Capital Management LLC lifted its position in shares of Valero Energy by 6.5% in the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after purchasing an additional 1,937 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at $274,000. Finally, Captrust Financial Advisors increased its position in shares of Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after buying an additional 6,278 shares during the period. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Tudor Pickering raised shares of 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 Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. 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. Finally, Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $152.67.

Valero Energy Stock Performance

Shares of VLO stock opened at $133.14 on Friday. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The firm has a market capitalization of $41.94 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The firm has a fifty day simple moving average of $133.68 and a two-hundred day simple moving average of $133.35. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

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

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

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.