Valero Energy Co. (NYSE:VLO) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its position in Valero Energy Co. (NYSE:VLO) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,173 shares of the oil and gas company’s stock after selling 767 shares during the quarter. OLD National Bancorp IN’s holdings in Valero Energy were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Valero Energy by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after buying an additional 50,837 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Valero Energy by 5.6% in the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after buying an additional 247,630 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Valero Energy by 13.6% in the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company’s stock valued at $499,210,000 after buying an additional 487,022 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Valero Energy by 4,908.0% in the third 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 buying an additional 2,793,607 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its stake in shares of Valero Energy by 6.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock valued at $342,090,000 after buying an additional 151,200 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Down 3.0 %

Shares of NYSE VLO opened at $135.36 on Friday. The business has a 50-day moving average of $131.11 and a two-hundred day moving average of $137.72. 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 Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42.

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, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. On average, analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is 38.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Citigroup decreased their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. TD Cowen decreased their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $154.54.

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.