Primecap Management Co. CA Sells 20,700 Shares of Valero Energy Co. (NYSE:VLO)

Primecap Management Co. CA lessened its holdings in shares of Valero Energy Co. (NYSE:VLOGet Rating) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,029,500 shares of the oil and gas company’s stock after selling 20,700 shares during the period. Primecap Management Co. CA owned 0.25% of Valero Energy worth $77,326,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Amplius Wealth Advisors LLC bought a new stake in shares of Valero Energy during the fourth quarter worth $25,000. Earnest Partners LLC grew its holdings in shares of Valero Energy by 76.3% during the fourth quarter. Earnest Partners LLC now owns 349 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Valero Energy in the fourth quarter valued at about $27,000. Allegheny Financial Group LTD bought a new position in Valero Energy in the fourth quarter valued at about $28,000. Finally, West Oak Capital LLC bought a new position in Valero Energy in the fourth quarter valued at about $30,000. Institutional investors own 77.56% of the company’s stock.

Shares of Valero Energy stock opened at $122.98 on Monday. Valero Energy Co. has a 1 year low of $58.85 and a 1 year high of $131.69. The business has a 50-day moving average of $107.41 and a two-hundred day moving average of $89.05. The company has a market capitalization of $50.19 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.18 and a quick ratio of 0.82.

Valero Energy (NYSE:VLOGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.70. Valero Energy had a return on equity of 13.69% and a net margin of 1.93%. The company had revenue of $38.54 billion during the quarter, compared to the consensus estimate of $32.23 billion. During the same period in the prior year, the company earned ($1.73) earnings per share. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Co. will post 13.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Thursday, May 12th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.19%. Valero Energy’s payout ratio is presently 63.33%.

Several equities analysts recently issued reports on the company. Raymond James raised their price target on Valero Energy from $105.00 to $117.00 and gave the company a “strong-buy” rating in a report on Friday, April 8th. Credit Suisse Group raised their price target on Valero Energy from $108.00 to $120.00 in a report on Wednesday, April 27th. Piper Sandler raised their price target on Valero Energy from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Valero Energy from $111.00 to $142.00 in a report on Tuesday, May 17th. Finally, Zacks Investment Research cut Valero Energy from a “strong-buy” rating to a “hold” rating and set a $96.00 price target for the company. in a research note on Wednesday, March 16th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy has a consensus rating of “Buy” and an average price target of $119.64.

Valero Energy Profile (Get Rating)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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