Valero Energy Co. (NYSE:VLO) Stock Holdings Decreased by Mathes Company Inc.

Mathes Company Inc. lowered its stake in Valero Energy Co. (NYSE:VLO) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,065 shares of the oil and gas company’s stock after selling 1,675 shares during the period. Mathes Company Inc.’s holdings in Valero Energy were worth $2,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Valero Energy in the fourth quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in Valero Energy in the third quarter valued at about $28,000. Tobam bought a new stake in Valero Energy in the fourth quarter valued at about $30,000. True Wealth Design LLC increased its holdings in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Valero Energy in the third quarter valued at about $38,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VLO shares. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Mizuho lowered their target price on 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 lowered their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Stock Performance

Shares of VLO stock opened at $135.49 on Monday. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79. The firm has a market capitalization of $42.89 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42. The business has a 50 day simple moving average of $130.55 and a 200 day simple moving average of $136.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.86 EPS for the current year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 yield of 3.34%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s dividend payout ratio is 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.