Corigliano Investment Advisers LLC Sells 16,126 Shares of Valero Energy Corporation $VLO

Corigliano Investment Advisers LLC cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,574 shares of the oil and gas company’s stock after selling 16,126 shares during the quarter. Valero Energy accounts for approximately 3.3% of Corigliano Investment Advisers LLC’s holdings, making the stock its 11th biggest holding. Corigliano Investment Advisers LLC’s holdings in Valero Energy were worth $9,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in Valero Energy by 5.3% during the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after purchasing an additional 209,597 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in shares of Valero Energy by 33.5% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after purchasing an additional 10,634 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Valero Energy in the fourth quarter worth $954,000. CWA Asset Management Group LLC boosted its stake in Valero Energy by 359.0% in the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 11,140 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Valero Energy by 25.6% in the third quarter. TD Asset Management Inc now owns 143,363 shares of the oil and gas company’s stock worth $24,409,000 after buying an additional 29,191 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 1.8%

Shares of VLO opened at $239.73 on Thursday. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $265.61. 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 business has a fifty day moving average of $245.47 and a 200 day moving average of $214.28. The company has a market cap of $71.18 billion, a PE ratio of 17.42, a P/E/G ratio of 0.35 and a beta of 0.55.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Valero Energy Corporation will post 27.19 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 given a dividend of $1.20 per share. 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 2.0%. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VLO. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 price target on shares of Valero Energy in a report on Tuesday, April 21st. Piper Sandler boosted their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. TD Cowen increased their target price on shares of Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Barclays raised their price target on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Mizuho lifted their price objective on shares of Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $245.59.

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.