Auxier Asset Management LLC decreased its position in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,342 shares of the oil and gas company’s stock after selling 4,174 shares during the period. Valero Energy comprises about 1.2% of Auxier Asset Management LLC’s holdings, making the stock its 25th largest holding. Auxier Asset Management LLC’s holdings in Valero Energy were worth $8,521,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Valero Energy by 5.3% in the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after buying an additional 209,597 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its stake in Valero Energy by 33.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after buying an additional 10,634 shares in the last quarter. Friedenthal Financial purchased a new stake in Valero Energy in the 4th quarter worth $954,000. CWA Asset Management Group LLC increased 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 buying an additional 11,140 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Valero Energy by 25.6% in the 3rd 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. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Stock Down 1.8%
Shares of NYSE:VLO opened at $239.73 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $265.61. The company has a 50-day moving average price of $245.47 and a 200 day moving average price of $214.28. The company has a market cap of $71.18 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.35 and a beta of 0.55.
Valero Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 2.0%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.
Analysts Set New Price Targets
A number of brokerages have issued reports on VLO. Morgan Stanley increased their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a report on Tuesday, April 21st. The Goldman Sachs Group lifted their target price on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Barclays lifted their target price on Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Finally, BMO Capital Markets lifted their target price on Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $245.59.
Get Our Latest Stock Report on VLO
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.
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