Valero Energy Co. (NYSE:VLO) Holdings Lifted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its holdings in Valero Energy Co. (NYSE:VLO) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,985 shares of the oil and gas company’s stock after acquiring an additional 10,134 shares during the period. CIBC Private Wealth Group LLC’s holdings in Valero Energy were worth $13,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. RWA Wealth Partners LLC grew its position in Valero Energy by 9.3% during the fourth quarter. RWA Wealth Partners LLC now owns 2,102 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 179 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in shares of Valero Energy during the 4th quarter valued at $5,808,000. Allstate Corp purchased a new position in shares of Valero Energy during the 4th quarter valued at $1,172,000. Maridea Wealth Management LLC acquired a new position in shares of Valero Energy in the fourth quarter worth $457,000. Finally, DnB Asset Management AS raised its holdings in shares of Valero Energy by 3.3% during the fourth quarter. DnB Asset Management AS now owns 63,918 shares of the oil and gas company’s stock worth $7,836,000 after acquiring an additional 2,061 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.5 %

Shares of Valero Energy stock opened at $132.19 on Tuesday. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.93 and a beta of 1.36. 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 $133.31 and its 200-day simple moving average is $133.30. 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 data 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Mizuho reduced 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 note on Wednesday, January 8th. Finally, Piper Sandler lowered their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.67.

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.