Sienna Gestion purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,915 shares of the oil and gas company’s stock, valued at approximately $1,298,000.
Several other large investors have also recently added to or reduced their stakes in VLO. Norges Bank acquired a new position in Valero Energy in the 4th quarter valued at approximately $1,111,542,000. Arrowstreet Capital Limited Partnership acquired a new position in Valero Energy in the 3rd quarter valued at approximately $275,239,000. Pacer Advisors Inc. increased its stake in Valero Energy by 2,635.7% in the 4th quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock valued at $154,736,000 after buying an additional 915,782 shares during the period. Victory Capital Management Inc. increased its stake in Valero Energy by 49.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock valued at $276,224,000 after buying an additional 560,116 shares during the period. Finally, Franklin Resources Inc. increased its stake in Valero Energy by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after buying an additional 394,693 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Stock Performance
Shares of VLO opened at $247.12 on Tuesday. The company’s fifty day moving average is $245.57 and its 200-day moving average is $213.33. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $265.61. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.
Valero Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Valero Energy’s dividend payout ratio is 34.88%.
Analyst Ratings Changes
Several research analysts have weighed in on VLO shares. Mizuho upped their price objective on shares of Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Raymond James Financial upped their price objective on shares of 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 upped their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler upped their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley increased their price target on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.59.
Get Our Latest Stock Analysis on VLO
Valero Energy Company 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.
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