1620 Investment Advisors Inc. lowered its stake in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 12.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,480 shares of the oil and gas company’s stock after selling 362 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Valero Energy were worth $322,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of Valero Energy in the 4th quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth $28,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Valero Energy in the 4th quarter worth $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the 4th quarter worth $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Stock Performance
VLO stock traded down $0.39 during trading on Wednesday, hitting $162.00. 2,463,843 shares of the company traded hands, compared to its average volume of 3,169,435. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a 1 year low of $105.66 and a 1 year high of $184.79. The stock’s 50-day simple moving average is $166.39 and its 200 day simple moving average is $144.46. The company has a market cap of $52.97 billion, a PE ratio of 8.04, a P/E/G ratio of 1.50 and a beta of 1.55.
Valero Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 29th. Valero Energy’s payout ratio is currently 21.20%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on VLO shares. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $156.00 to $210.00 in a research note on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Argus cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Piper Sandler decreased their price objective on Valero Energy from $198.00 to $187.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. Finally, Scotiabank upped their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.87.
Get Our Latest Stock Report on Valero Energy
Insider Buying and Selling at Valero Energy
In other news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the sale, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is owned by corporate insiders.
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.
Featured Stories
- Five stocks we like better than Valero Energy
- 3 Warren Buffett Stocks to Buy Now
- TJX Companies Can Hit New Highs; Double-Digit Upside to Follow
- Retail Stocks Investing, Explained
- A Hidden Gem Retailer With 20% Upside
- Airline Stocks – Top Airline Stocks to Buy Now
- Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO – Free Report).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.