United Capital Financial Advisers LLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,701 shares of the oil and gas company’s stock after selling 4,831 shares during the period. United Capital Financial Advisers LLC’s holdings in Valero Energy were worth $379,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sittner & Nelson LLC purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $25,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Valero Energy by 97.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 473 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 234 shares during the period. Glassman Wealth Services boosted its stake in shares of Valero Energy by 120.6% during the fourth quarter. Glassman Wealth Services now owns 503 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 275 shares during the period. Clearview Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $34,000. Finally, Chiron Capital Management LLC purchased a new stake in shares of Valero Energy during the third quarter valued at approximately $35,000. 74.57% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on VLO. Citigroup increased their price objective on Valero Energy from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Piper Sandler raised their price target on Valero Energy from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. Tudor Pickering raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday. UBS Group began coverage on Valero Energy in a research note on Tuesday, January 26th. They issued a “neutral” rating and a $66.00 price target for the company. Finally, Zacks Investment Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $81.00 price target for the company. in a research note on Wednesday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and a consensus price target of $77.25.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 28th. The oil and gas company reported ($1.06) EPS for the quarter, topping the consensus estimate of ($1.48) by $0.42. The business had revenue of $16.60 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the previous year, the business posted $2.13 earnings per share. Valero Energy’s quarterly revenue was down 40.4% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Co. will post -3.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 4th. Investors of record on Thursday, February 11th were issued a $0.98 dividend. The ex-dividend date was Wednesday, February 10th. This represents a $3.92 annualized dividend and a yield of 5.27%. Valero Energy’s payout ratio is 68.77%.
Valero Energy Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.
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