Edgestream Partners L.P. Has $4.89 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Edgestream Partners L.P. boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 134.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,875 shares of the oil and gas company’s stock after buying an additional 22,852 shares during the period. Edgestream Partners L.P.’s holdings in Valero Energy were worth $4,888,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in Valero Energy by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock worth $14,751,000 after buying an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Valero Energy during the fourth quarter worth $1,226,000. Hudson Capital Management LLC raised its holdings in Valero Energy by 6.5% during the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after buying an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth $274,000. Finally, Captrust Financial Advisors raised its holdings in Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after buying an additional 6,278 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VLO shares. Barclays lowered their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Wells Fargo & Company lowered 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. Piper Sandler lowered their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy Price Performance

VLO stock opened at $127.00 on Friday. The firm has a 50 day moving average of $132.76 and a 200-day moving average of $134.45. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The firm has a market capitalization of $40.21 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, sell-side analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.56%. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

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.