Brown Advisory Inc. cut its holdings in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,781 shares of the oil and gas company’s stock after selling 692 shares during the period. Brown Advisory Inc.’s holdings in Valero Energy were worth $2,203,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Morgan Stanley lifted its holdings in shares of Valero Energy by 4.1% during the fourth quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company’s stock worth $1,276,875,000 after purchasing an additional 395,771 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Valero Energy by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,682,401 shares of the oil and gas company’s stock worth $1,101,449,000 after purchasing an additional 411,009 shares during the period. Norges Bank acquired a new stake in shares of Valero Energy during the fourth quarter worth $534,892,000. Putnam Investments LLC lifted its holdings in shares of Valero Energy by 6.6% during the fourth quarter. Putnam Investments LLC now owns 3,285,346 shares of the oil and gas company’s stock worth $416,779,000 after purchasing an additional 202,318 shares during the period. Finally, Amundi lifted its holdings in shares of Valero Energy by 3.6% during the fourth quarter. Amundi now owns 3,096,352 shares of the oil and gas company’s stock worth $408,648,000 after purchasing an additional 106,776 shares during the period. 78.00% of the stock is owned by institutional investors and hedge funds.
Valero Energy Trading Down 1.8 %
Valero Energy stock opened at $136.50 on Tuesday. The stock has a market cap of $48.20 billion, a PE ratio of 4.70, a P/E/G ratio of 1.01 and a beta of 1.66. The stock has a 50-day moving average price of $119.34 and a 200 day moving average price of $123.56. Valero Energy Co. has a 52 week low of $97.73 and a 52 week high of $150.39. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.
Valero Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Thursday, August 3rd will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, August 2nd. Valero Energy’s dividend payout ratio is presently 14.05%.
Wall Street Analyst Weigh In
VLO has been the subject of a number of recent analyst reports. Tudor, Pickering, Holt & Co. raised Valero Energy from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, July 31st. JPMorgan Chase & Co. reduced their target price on Valero Energy from $172.00 to $171.00 in a report on Friday, July 7th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 target price on shares of Valero Energy in a report on Wednesday, July 19th. Barclays raised their target price on Valero Energy from $139.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Finally, Piper Sandler raised their target price on Valero Energy from $150.00 to $159.00 in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.88.
Read Our Latest Research Report on Valero Energy
About Valero Energy
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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