Corient Private Wealth LLC Has $31.26 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Corient Private Wealth LLC lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,804 shares of the oil and gas company’s stock after selling 44,447 shares during the quarter. Corient Private Wealth LLC’s holdings in Valero Energy were worth $31,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $25,000. Tobam bought a new position in Valero Energy in the 4th quarter valued at $30,000. True Wealth Design LLC boosted its stake in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Valero Energy during the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VLO shares. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. 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. Piper Sandler dropped their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Price Performance

Valero Energy stock opened at $133.03 on Tuesday. The business has a 50-day moving average of $133.34 and a 200-day moving average of $133.68. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The firm has a market capitalization of $41.90 billion, a P/E ratio of 15.69, a PEG ratio of 2.93 and a beta of 1.36. 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 (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.40%. The ex-dividend date was Thursday, January 30th. Valero Energy’s payout ratio is currently 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.