Private Management Group Inc. Has $48.87 Million Stock Position in Valero Energy Corporation $VLO

Private Management Group Inc. decreased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300,171 shares of the oil and gas company’s stock after selling 65,093 shares during the quarter. Valero Energy comprises approximately 1.4% of Private Management Group Inc.’s holdings, making the stock its 5th largest position. Private Management Group Inc. owned about 0.10% of Valero Energy worth $48,865,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Valero Energy during the 3rd quarter valued at approximately $27,000. Torren Management LLC bought a new stake in Valero Energy during the 4th quarter valued at approximately $30,000. AXS Investments LLC bought a new stake in Valero Energy during the 4th quarter valued at approximately $32,000. Bruce G. Allen Investments LLC boosted its stake in Valero Energy by 32.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 51 shares during the period. Finally, Triumph Capital Management bought a new stake in Valero Energy during the 3rd quarter valued at approximately $35,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 1.1%

Valero Energy stock opened at $255.03 on Friday. The business has a 50 day moving average price of $245.17 and a two-hundred day moving average price of $212.22. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market cap of $75.73 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $265.61.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, equities analysts forecast that Valero Energy Corporation will post 26.55 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Valero Energy’s dividend payout ratio is presently 34.88%.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $280.00 target price on shares of Valero Energy in a research note on Thursday. Piper Sandler increased their target price on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Raymond James Financial increased their target price on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Scotiabank increased their target price on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group upped their price target on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $243.65.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.