4,769 Shares in Valero Energy Co. (NYSE:VLO) Acquired by Crestline Management LP

Crestline Management LP acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,769 shares of the oil and gas company’s stock, valued at approximately $585,000.

Several other large investors also recently bought and sold shares of VLO. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter worth $25,000. Tobam acquired a new position in Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in shares of Valero Energy in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at approximately $38,000. Finally, Creative Capital Management Investments LLC increased its stake in shares of Valero Energy by 122.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $122.97 on Friday. The stock has a 50-day moving average price of $120.15 and a two-hundred day moving average price of $128.47. The company has a market cap of $38.51 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. 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 Co. has a 12-month low of $99.00 and a 12-month high of $167.78.

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

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued 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 3.68%. Valero Energy’s payout ratio is 159.72%.

Analysts Set New Price Targets

VLO has been the topic of a number of analyst reports. Scotiabank lowered their target price on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and increased their price objective for the company from $115.00 to $127.00 in a research note on Monday, April 28th. Morgan Stanley cut their target price on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. TD Cowen lowered their price target on shares of Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Piper Sandler cut their price objective on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $149.53.

About Valero Energy

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.