Cibc World Markets Corp Purchases 6,228 Shares of Valero Energy Co. (NYSE:VLO)

Cibc World Markets Corp lifted its position in Valero Energy Co. (NYSE:VLO) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,115 shares of the oil and gas company’s stock after buying an additional 6,228 shares during the period. Cibc World Markets Corp’s holdings in Valero Energy were worth $6,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. SouthState Corp grew its position in shares of Valero Energy by 7,599.2% in the 4th quarter. SouthState Corp now owns 40,652 shares of the oil and gas company’s stock valued at $4,984,000 after purchasing an additional 40,124 shares during the period. Twin Tree Management LP acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $4,317,000. Glenview Trust co increased its position in shares of Valero Energy by 4.8% during the fourth quarter. Glenview Trust co now owns 52,040 shares of the oil and gas company’s stock worth $6,380,000 after acquiring an additional 2,383 shares in the last quarter. one8zero8 LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth $3,928,000. Finally, Frank Rimerman Advisors LLC lifted its position in Valero Energy by 21.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,787 shares of the oil and gas company’s stock valued at $464,000 after acquiring an additional 662 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of research reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho cut their target price on 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 decreased their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler cut their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $156.08.

Valero Energy Stock Down 0.7 %

Valero Energy stock opened at $131.97 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company’s 50-day moving average is $133.50 and its 200-day moving average is $133.58. The firm has a market capitalization of $41.57 billion, a PE ratio of 15.56, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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. Shareholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.43%. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

About Valero Energy

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.