Jacobi Capital Management LLC Sells 523 Shares of Valero Energy Co. (NYSE:VLO)

Jacobi Capital Management LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,252 shares of the oil and gas company’s stock after selling 523 shares during the period. Jacobi Capital Management LLC’s holdings in Valero Energy were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock worth $14,751,000 after purchasing an additional 455 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of Valero Energy during the fourth quarter worth approximately $1,226,000. Hudson Capital Management LLC increased its position in shares of Valero Energy by 6.5% during the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after acquiring an additional 1,937 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Valero Energy during the fourth quarter worth approximately $274,000. Finally, Captrust Financial Advisors increased its position in shares of Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after acquiring an additional 6,278 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of research reports. Barclays reduced their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. One 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 data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Price Performance

Shares of VLO opened at $130.59 on Friday. The company has a market cap of $41.34 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $132.06 and a two-hundred day moving average of $135.14.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating 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, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal 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 paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.46%. 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 (DPR) is 53.30%.

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.