Redwood Investment Management LLC Has $250,000 Stake in Valero Energy Co. (NYSE:VLO)

Redwood Investment Management LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 94.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,043 shares of the oil and gas company’s stock after selling 33,754 shares during the quarter. Redwood Investment Management LLC’s holdings in Valero Energy were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in Valero Energy in the 4th quarter valued at about $25,000. Tobam bought a new stake in shares of Valero Energy during the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC acquired a new stake in Valero Energy during the 4th quarter worth approximately $38,000. OFI Invest Asset Management acquired a new stake in Valero Energy during the 4th quarter worth approximately $37,000. Finally, Creative Capital Management Investments LLC boosted its position in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock worth $41,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $135.76 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $121.08 and its two-hundred day moving average price is $128.57. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.93 and a beta of 0.98.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same quarter in the previous year, the company posted $3.82 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.33%. Valero Energy’s payout ratio is 159.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen cut their target price on shares of Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group dropped their price target on shares of Valero Energy from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Morgan Stanley dropped their price target on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Piper Sandler dropped their price target on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Finally, Mizuho boosted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $151.93.

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.