Voloridge Investment Management LLC Has $65.81 Million Holdings in Valero Energy Co. (NYSE:VLO)

Voloridge Investment Management LLC reduced its position in Valero Energy Co. (NYSE:VLO) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 536,837 shares of the oil and gas company’s stock after selling 74,550 shares during the period. Voloridge Investment Management LLC owned about 0.17% of Valero Energy worth $65,811,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its position in Valero Energy by 0.4% in the 4th 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. Hudson Capital Management LLC increased its position in Valero Energy by 6.5% in the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after purchasing an additional 1,937 shares during the last quarter. Patten Group Inc. acquired a new position in Valero Energy in the 4th quarter worth about $277,000. Charles Schwab Investment Management Inc. increased its position in Valero Energy by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock worth $1,311,864,000 after purchasing an additional 413,963 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Valero Energy by 7.4% during the 4th quarter. Private Management Group Inc. now owns 372,451 shares of the oil and gas company’s stock valued at $45,659,000 after acquiring an additional 25,600 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VLO shares. Morgan Stanley lowered their price objective on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Piper Sandler lowered their price objective on Valero Energy from $144.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Mizuho increased their price objective on Valero Energy from $158.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. Raymond James lowered their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Finally, 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. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $151.93.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $132.20 on Wednesday. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78. The firm has a market capitalization of $41.41 billion, a PE ratio of 15.59, a PEG ratio of 2.93 and a beta of 0.98. The business’s 50 day moving average is $121.39 and its 200-day moving average is $128.63. 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 announced 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 firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same period in the previous year, the business posted $3.82 EPS. Valero Energy’s revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be 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 is Tuesday, May 20th. Valero Energy’s payout ratio is presently 159.72%.

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.