Valero Energy Co. (NYSE:VLO) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Valero Energy Co. (NYSE:VLOFree Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,299,400 shares of the oil and gas company’s stock after purchasing an additional 5,811 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.41% of Valero Energy worth $160,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after buying an additional 50,837 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Valero Energy by 5.6% in 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 purchasing an additional 247,630 shares during the period. Pacer Advisors Inc. increased its position 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 worth $499,210,000 after purchasing an additional 487,022 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Valero Energy by 4,908.0% in the 3rd 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. Finally, Montrusco Bolton Investments Inc. grew its stake in shares of Valero Energy by 6.3% in the 3rd 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 buying an additional 151,200 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup cut their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays reduced their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Bank of America initiated coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Mizuho lowered 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $154.46.

View Our Latest Analysis on VLO

Valero Energy Trading Up 0.1 %

Shares of NYSE:VLO opened at $136.90 on Wednesday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company’s 50 day moving average is $130.59 and its two-hundred day moving average is $136.90. The company has a market cap of $43.34 billion, a PE ratio of 16.14, a P/E/G ratio of 2.85 and a beta of 1.42. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts predict that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

Valero Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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