Lingohr Asset Management GmbH Reduces Position in Valero Energy Co. (NYSE:VLO)

Lingohr Asset Management GmbH lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,596 shares of the oil and gas company’s stock after selling 1,315 shares during the period. Lingohr Asset Management GmbH’s holdings in Valero Energy were worth $427,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VLO. OneDigital Investment Advisors LLC grew its stake in Valero Energy by 21.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company’s stock valued at $904,000 after acquiring an additional 1,192 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Valero Energy by 126.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company’s stock valued at $6,299,000 after buying an additional 26,044 shares during the period. Quest Partners LLC purchased a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $134,000. Prospera Financial Services Inc grew its stake in shares of Valero Energy by 3.3% in the 3rd quarter. Prospera Financial Services Inc now owns 11,350 shares of the oil and gas company’s stock valued at $1,534,000 after buying an additional 363 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Valero Energy by 3.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 10,870 shares of the oil and gas company’s stock valued at $1,468,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO opened at $133.89 on Thursday. The stock has a 50-day simple moving average of $133.68 and a 200-day simple moving average of $133.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market capitalization of $42.17 billion, a PE ratio of 15.79, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analyst Upgrades and Downgrades

VLO has been the subject of several analyst reports. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho dropped their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company 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.