B&D White Capital Company LLC Has $270,000 Stake in Valero Energy Co. (NYSE:VLO)

B&D White Capital Company LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 98.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,200 shares of the oil and gas company’s stock after selling 138,130 shares during the quarter. B&D White Capital Company LLC’s holdings in Valero Energy were worth $270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after purchasing an additional 50,837 shares in the last quarter. Franklin Resources Inc. raised its position 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 in the last quarter. Pacer Advisors Inc. raised 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 valued at $499,210,000 after acquiring an additional 487,022 shares in the last quarter. Wellington Management Group LLP lifted its stake in Valero Energy by 4,908.0% in 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 last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in Valero Energy by 6.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock worth $342,090,000 after acquiring an additional 151,200 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Down 3.2 %

Shares of Valero Energy stock opened at $134.67 on Monday. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The company’s fifty day simple moving average is $131.06 and its 200-day simple moving average is $135.69. The company has a market cap of $42.63 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.93 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:VLO) 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, sell-side analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.36%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

VLO has been the subject of several analyst reports. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Mizuho reduced their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.46.

About Valero Energy

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.