Parsons Capital Management Inc. RI Trims Position in Valero Energy Co. (NYSE:VLO)

Parsons Capital Management Inc. RI lessened its position in shares of Valero Energy Co. (NYSE:VLOFree Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,961 shares of the oil and gas company’s stock after selling 121 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Valero Energy were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VLO. Norges Bank purchased a new stake in Valero Energy during the fourth quarter valued at $534,892,000. Price T Rowe Associates Inc. MD increased its position in Valero Energy by 121.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,739,618 shares of the oil and gas company’s stock worth $242,853,000 after buying an additional 952,518 shares in the last quarter. Marshall Wace LLP increased its position in Valero Energy by 338.9% in the second quarter. Marshall Wace LLP now owns 905,403 shares of the oil and gas company’s stock worth $106,204,000 after buying an additional 699,109 shares in the last quarter. Acadian Asset Management LLC increased its position in Valero Energy by 94.4% in the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock worth $202,585,000 after buying an additional 694,224 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in Valero Energy in the second quarter worth about $75,019,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 2.7 %

Shares of VLO stock opened at $177.30 on Wednesday. Valero Energy Co. has a 1 year low of $104.18 and a 1 year high of $177.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $148.39 and its two-hundred day simple moving average is $136.24. The company has a market cap of $58.95 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.78 and a beta of 1.54.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The business had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same period in the prior year, the business posted $8.45 earnings per share. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. Research analysts predict that Valero Energy Co. will post 16.2 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 1st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.41%. This is an increase from Valero Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Wednesday, January 31st. Valero Energy’s dividend payout ratio is presently 17.31%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VLO shares. Wells Fargo & Company upped their price target on Valero Energy from $138.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. Mizuho lowered Valero Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James upped their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Finally, Barclays upped their price objective on Valero Energy from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.23.

View Our Latest Research Report on Valero Energy

About Valero Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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