Valero Energy Co. (NYSE:VLO) Shares Sold by Accel Wealth Management

Accel Wealth Management lowered its stake in Valero Energy Co. (NYSE:VLO) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,301 shares of the oil and gas company’s stock after selling 475 shares during the quarter. Accel Wealth Management’s holdings in Valero Energy were worth $282,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLO. Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after purchasing an additional 50,837 shares during the period. Franklin Resources Inc. lifted its position in shares of Valero Energy by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after acquiring an additional 247,630 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after purchasing an additional 567,059 shares during the last quarter. Wellington Management Group LLP lifted its stake in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after buying an additional 2,793,607 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after acquiring an additional 82,539 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VLO shares. Barclays reduced their price target on shares of 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 lowered their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Citigroup cut their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Scotiabank dropped their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Trading Down 0.7 %

NYSE VLO opened at $139.80 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $131.28 and a 200-day moving average of $137.93. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a market cap of $44.26 billion, a PE ratio of 12.54, a PEG ratio of 2.81 and a beta of 1.42.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.49 earnings per share. On average, equities research analysts anticipate that Valero Energy Co. will post 7.93 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.23%. Valero Energy’s dividend payout ratio is presently 38.39%.

Valero Energy 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.