PNC Financial Services Group Inc. cut its holdings in Valero Energy Co. (NYSE:VLO – Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,697 shares of the oil and gas company’s stock after selling 6,340 shares during the period. PNC Financial Services Group Inc.’s holdings in Valero Energy were worth $18,474,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock valued at $1,311,864,000 after acquiring an additional 413,963 shares during the period. Franklin Resources Inc. boosted its holdings in Valero Energy by 5.6% during the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after acquiring an additional 247,630 shares during the period. Pacer Advisors Inc. boosted its holdings in Valero Energy by 13.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company’s stock valued at $499,210,000 after acquiring an additional 487,022 shares during the period. Wellington Management Group LLP boosted its holdings in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after acquiring an additional 2,793,607 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its holdings in Valero Energy by 6.3% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock valued at $342,090,000 after acquiring an additional 151,200 shares during the period. 78.69% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.08.
Get Our Latest Stock Analysis on Valero Energy
Valero Energy Price Performance
NYSE:VLO traded up $3.40 during mid-day trading on Friday, hitting $129.20. The company’s stock had a trading volume of 2,832,788 shares, compared to its average volume of 2,796,663. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $40.70 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.93 and a beta of 1.36. The stock has a fifty day moving average of $133.02 and a 200-day moving average of $133.94.
Valero Energy (NYSE:VLO – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (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%. As a group, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
Valero Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.50%. 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.
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