Valero Energy Co. (NYSE:VLO) Shares Purchased by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC boosted its position in Valero Energy Co. (NYSE:VLO) by 18.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,908 shares of the oil and gas company’s stock after purchasing an additional 613 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Valero Energy were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VLO. Blair William & Co. IL lifted its stake in shares of Valero Energy by 1.9% during the first quarter. Blair William & Co. IL now owns 33,427 shares of the oil and gas company’s stock worth $3,394,000 after purchasing an additional 632 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Valero Energy by 21.7% during the first quarter. Sei Investments Co. now owns 100,006 shares of the oil and gas company’s stock worth $10,163,000 after purchasing an additional 17,844 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Valero Energy by 12.5% during the first quarter. Canada Pension Plan Investment Board now owns 60,730 shares of the oil and gas company’s stock worth $6,167,000 after purchasing an additional 6,735 shares in the last quarter. Prudential PLC acquired a new position in shares of Valero Energy during the first quarter worth about $1,253,000. Finally, Moors & Cabot Inc. lifted its stake in shares of Valero Energy by 21.0% during the first quarter. Moors & Cabot Inc. now owns 6,780 shares of the oil and gas company’s stock worth $688,000 after purchasing an additional 1,179 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on VLO shares. Piper Sandler boosted their price objective on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Raymond James lifted their target price on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Scotiabank lifted their target price on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, TD Cowen lifted their target price on Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $172.40.

Valero Energy Stock Down 1.0 %

Shares of Valero Energy stock opened at $169.00 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The firm has a market cap of $56.19 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.65 and a beta of 1.54. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The business has a 50-day moving average price of $157.18 and a 200 day moving average price of $138.75.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. Valero Energy’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $8.45 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 17.25 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 1st were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This is a positive change from Valero Energy’s previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a dividend yield of 2.53%. Valero Energy’s dividend payout ratio is 17.31%.

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.