Valero Energy Co. (NYSE:VLO) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,178 shares of the oil and gas company’s stock after selling 100 shares during the period. Stoneridge Investment Partners LLC’s holdings in Valero Energy were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VLO. Brookstone Capital Management grew its holdings in shares of Valero Energy by 16.7% during the third quarter. Brookstone Capital Management now owns 7,383 shares of the oil and gas company’s stock valued at $997,000 after buying an additional 1,057 shares during the last quarter. Perpetual Ltd lifted its position in Valero Energy by 8.6% during the third quarter. Perpetual Ltd now owns 7,479 shares of the oil and gas company’s stock valued at $1,010,000 after purchasing an additional 590 shares during the period. Gateway Investment Advisers LLC lifted its position in Valero Energy by 2.7% during the third quarter. Gateway Investment Advisers LLC now owns 10,298 shares of the oil and gas company’s stock valued at $1,391,000 after purchasing an additional 270 shares during the period. Inspire Investing LLC lifted its position in Valero Energy by 24.0% during the third quarter. Inspire Investing LLC now owns 2,104 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 407 shares during the period. Finally, Annex Advisory Services LLC lifted its position in Valero Energy by 20.1% during the third quarter. Annex Advisory Services LLC now owns 56,416 shares of the oil and gas company’s stock valued at $7,618,000 after purchasing an additional 9,430 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $133.05 on Friday. The company has a market cap of $42.12 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a 50-day simple moving average of $130.66 and a 200-day simple moving average of $137.20.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS 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%. On average, equities analysts anticipate that Valero Energy Co. will post 7.86 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is currently 53.30%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VLO. Citigroup decreased their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $154.46.

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.