Twin Capital Management Inc. Has $2.75 Million Holdings in Valero Energy Co. (NYSE:VLO)

Twin Capital Management Inc. lifted its position in Valero Energy Co. (NYSE:VLO) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,425 shares of the oil and gas company’s stock after purchasing an additional 565 shares during the period. Twin Capital Management Inc.’s holdings in Valero Energy were worth $2,749,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its stake in Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock valued at $14,751,000 after buying an additional 455 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at about $1,226,000. Hudson Capital Management LLC lifted its stake in 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 valued at $3,897,000 after acquiring an additional 1,937 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at approximately $274,000. Finally, Patten Group Inc. acquired a new stake in Valero Energy in the 4th quarter valued at $277,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

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

Valero Energy Stock Down 8.4 %

VLO stock opened at $104.64 on Monday. Valero Energy Co. has a 52 week low of $98.26 and a 52 week high of $183.38. The business has a 50-day simple moving average of $131.94 and a 200 day simple moving average of $132.92. 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 company has a market cap of $32.96 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO) last issued its quarterly 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%. Sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is presently 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.