Valero Energy Co. (NYSE:VLO) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,841 shares of the oil and gas company’s stock after selling 222 shares during the period. Snowden Capital Advisors LLC’s holdings in Valero Energy were worth $716,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

VLO has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Valero Energy from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Piper Sandler cut their price target on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 9th. The Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $151.93.

Valero Energy Stock Down 1.1%

Valero Energy stock opened at $134.20 on Tuesday. Valero Energy Co. has a fifty-two week low of $99.00 and a fifty-two week high of $167.78. The firm has a market capitalization of $42.03 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The stock’s fifty day moving average is $121.26 and its two-hundred day moving average is $128.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.37%. Valero Energy’s dividend payout ratio is currently 159.72%.

Valero Energy Company 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.