Valero Energy Co. (NYSE:VLO) Holdings Lowered by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. cut its stake in Valero Energy Co. (NYSE:VLO) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,496 shares of the oil and gas company’s stock after selling 547 shares during the period. Valero Energy makes up approximately 0.2% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 19th biggest position. Wilsey Asset Management Inc.’s holdings in Valero Energy were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter worth $25,000. Peterson Financial Group Inc. bought a new stake in Valero Energy in the third quarter worth about $28,000. Tobam acquired a new stake in Valero Energy in the 4th quarter valued at about $30,000. Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy during the 3rd quarter valued at about $34,000. Finally, True Wealth Design LLC grew its stake in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent research reports. TD Cowen cut their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays cut their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.46.

Valero Energy Stock Performance

Shares of VLO stock opened at $133.05 on Monday. The firm has a market cap of $42.12 billion, a P/E ratio of 15.69, a PEG ratio of 2.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The stock’s 50-day moving average is $130.66 and its two-hundred day moving average is $137.13.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Analysts predict that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.40%. Valero Energy’s dividend payout ratio is currently 53.30%.

Valero Energy Company Profile

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.