Valero Energy Co. (NYSE:VLO) Shares Sold by Kendall Capital Management

Kendall Capital Management lowered its position in Valero Energy Co. (NYSE:VLO) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,394 shares of the oil and gas company’s stock after selling 125 shares during the quarter. Kendall Capital Management’s holdings in Valero Energy were worth $906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the fourth quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at approximately $28,000. Tobam purchased a new position in shares of Valero Energy during the 4th quarter valued at approximately $30,000. True Wealth Design LLC grew its position in shares of Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after buying an additional 183 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Valero Energy in the third quarter worth $38,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. Mizuho reduced their price objective 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. Wells Fargo & Company reduced their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler lowered 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 reduced their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $156.08.

Valero Energy Trading Up 0.8 %

Shares of NYSE:VLO opened at $127.00 on Friday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $40.21 billion, a PE ratio of 14.98, a P/E/G ratio of 2.93 and a beta of 1.36. The company’s 50-day moving average price is $132.76 and its 200 day moving average price is $134.40.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) 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%. Sell-side analysts anticipate that Valero Energy Co. will post 7.92 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 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.56%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is 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.