Valero Energy Co. (NYSE:VLO) Stake Increased by Keybank National Association OH

Keybank National Association OH grew its holdings in Valero Energy Co. (NYSE:VLO) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,260 shares of the oil and gas company’s stock after purchasing an additional 2,731 shares during the period. Keybank National Association OH’s holdings in Valero Energy were worth $1,380,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Valero Energy by 30.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,598 shares of the oil and gas company’s stock valued at $1,029,000 after purchasing an additional 1,999 shares in the last quarter. Patten Group Inc. purchased a new stake in shares of Valero Energy during the fourth quarter worth $277,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock worth $1,311,864,000 after acquiring an additional 413,963 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Valero Energy by 4.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,731 shares of the oil and gas company’s stock worth $3,767,000 after acquiring an additional 1,194 shares in the last quarter. Finally, Silver Coast Investments LLC raised its holdings in shares of Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock worth $622,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.8 %

Shares of VLO opened at $127.00 on Friday. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a 50-day moving average price of $132.76 and a two-hundred day moving average price of $134.45.

Valero Energy (NYSE:VLO) last announced its quarterly 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 net margin of 2.13% and a return on equity of 9.58%. Equities analysts predict that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is 53.30%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VLO. Piper Sandler cut their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday. Barclays cut their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Company 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.