Tiaa Fsb decreased its position in Valero Energy Co. (NYSE:VLO – Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,290 shares of the oil and gas company’s stock after selling 910 shares during the quarter. Tiaa Fsb’s holdings in Valero Energy were worth $738,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Western Pacific Wealth Management LP acquired a new stake in Valero Energy in the fourth quarter valued at approximately $26,000. Live Oak Investment Partners acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $26,000. Prostatis Group LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $29,000. Independence Bank of Kentucky grew its position in shares of Valero Energy by 150.0% during the fourth quarter. Independence Bank of Kentucky now owns 250 shares of the oil and gas company’s stock worth $32,000 after buying an additional 150 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 78.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on VLO shares. Piper Sandler decreased their price target on shares of Valero Energy from $188.00 to $155.00 in a research report on Thursday, May 18th. StockNews.com initiated coverage on shares of Valero Energy in a report on Thursday, May 18th. They issued a “buy” rating for the company. Tudor, Pickering, Holt & Co. downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, April 17th. UBS Group initiated coverage on shares of Valero Energy in a report on Wednesday, March 8th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Valero Energy from $126.00 to $120.00 in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given 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 $151.46.
Valero Energy Stock Performance
Valero Energy (NYSE:VLO – Free Report) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $8.27 earnings per share for the quarter, beating analysts’ consensus estimates of $7.24 by $1.03. Valero Energy had a net margin of 7.86% and a return on equity of 55.32%. The business had revenue of $36.44 billion for the quarter, compared to analysts’ expectations of $37.88 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. On average, research analysts predict that Valero Energy Co. will post 22.19 EPS for the current year.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Tuesday, May 23rd were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, May 22nd. Valero Energy’s dividend payout ratio is currently 11.59%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.
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