Valero Energy Co. (NYSE:VLO) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 618 shares of the oil and gas company’s stock after selling 82 shares during the quarter. Zions Bancorporation N.A.’s holdings in Valero Energy were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLO. New Wave Wealth Advisors LLC purchased a new position in Valero Energy during the fourth quarter valued at $25,000. Tobam purchased a new position in Valero Energy in the 4th quarter valued at about $30,000. True Wealth Design LLC lifted its stake in 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 valued at $37,000 after buying an additional 183 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter worth approximately $38,000. Finally, OFI Invest Asset Management acquired a new position in shares of Valero Energy during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 1.9 %

VLO stock opened at $134.50 on Thursday. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The firm has a market cap of $42.36 billion, a PE ratio of 15.86, a PEG ratio of 2.93 and a beta of 1.36. The firm’s 50 day moving average price is $133.81 and its 200-day moving average price is $133.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was 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 dividend yield of 3.36%. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.67.

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.