Valero Energy Co. (NYSE:VLO) Stock Position Decreased by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the oil and gas company’s stock after selling 143 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Valero Energy were worth $208,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VLO. Boundary Creek Advisors LP acquired a new position in shares of Valero Energy in the fourth quarter worth about $11,033,000. Viawealth LLC grew its position in Valero Energy by 1.4% during the 4th quarter. Viawealth LLC now owns 12,293 shares of the oil and gas company’s stock worth $1,507,000 after purchasing an additional 167 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Valero Energy by 29.2% during the 4th quarter. Teacher Retirement System of Texas now owns 198,323 shares of the oil and gas company’s stock valued at $24,312,000 after purchasing an additional 44,826 shares during the period. Sandy Spring Bank lifted its holdings in shares of Valero Energy by 4.1% in the fourth quarter. Sandy Spring Bank now owns 15,825 shares of the oil and gas company’s stock valued at $1,940,000 after purchasing an additional 622 shares in the last quarter. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth $270,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 1.4 %

Shares of VLO stock opened at $133.89 on Thursday. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock’s 50 day simple moving average is $133.68 and its 200 day simple moving average is $133.58. The company has a market capitalization of $42.17 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.93 and a beta of 1.36.

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 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%. As a group, research analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a $1.13 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VLO shares. Piper Sandler reduced their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company decreased 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.08.

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.