Threadgill Financial LLC Lowers Stock Holdings in Valero Energy Co. (NYSE:VLO)

Threadgill Financial LLC cut its position in Valero Energy Co. (NYSE:VLO) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,585 shares of the oil and gas company’s stock after selling 100 shares during the period. Valero Energy makes up 0.7% of Threadgill Financial LLC’s portfolio, making the stock its 19th biggest holding. Threadgill Financial LLC’s holdings in Valero Energy were worth $1,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Valero Energy by 4,908.0% in the 3rd 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 acquiring an additional 2,793,607 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after purchasing an additional 1,066,923 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Valero Energy by 900.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after buying an additional 568,000 shares during the period. Pacer Advisors Inc. lifted its holdings in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in Valero Energy in the 3rd quarter valued at approximately $70,352,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VLO shares. TD Cowen cut their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Bank of America initiated coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Scotiabank decreased their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Valero Energy Stock Performance

NYSE VLO opened at $127.27 on Monday. The company has a fifty day moving average of $130.99 and a two-hundred day moving average of $138.89. The company has a market capitalization of $40.29 billion, a PE ratio of 11.41, a P/E/G ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) 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 firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $7.49 EPS. As a group, analysts expect that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 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.