Embree Financial Group Sells 126 Shares of Valero Energy Co. (NYSE:VLO)

Embree Financial Group cut its position in shares of Valero Energy Co. (NYSE:VLO) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,363 shares of the oil and gas company’s stock after selling 126 shares during the period. Embree Financial Group’s holdings in Valero Energy were worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Valero Energy by 11,318.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after purchasing an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Valero Energy by 900.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after purchasing an additional 568,000 shares in the last quarter. Pacer Advisors Inc. grew its position in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after purchasing an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Valero Energy during the 3rd quarter valued at about $70,352,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VLO shares. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Mizuho cut their target price 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. Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Stock Down 0.7 %

VLO stock opened at $139.80 on Friday. The business’s 50-day moving average price is $131.28 and its 200-day moving average price is $137.93. The stock has a market cap of $44.26 billion, a P/E ratio of 12.54, a PEG ratio of 2.81 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.49 earnings per share. On average, equities research analysts forecast that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 38.39%.

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.