SVB Wealth LLC Sells 38,259 Shares of Valero Energy Co. (NYSE:VLO)

SVB Wealth LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,996 shares of the oil and gas company’s stock after selling 38,259 shares during the period. SVB Wealth LLC’s holdings in Valero Energy were worth $18,849,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VLO. Miller Howard Investments Inc. NY lifted its holdings in Valero Energy by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock valued at $2,357,000 after purchasing an additional 79 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in Valero Energy by 1.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,146 shares of the oil and gas company’s stock valued at $729,000 after purchasing an additional 80 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in Valero Energy by 0.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 81 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Valero Energy by 5.0% in the fourth quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 81 shares in the last quarter. Finally, Fulcrum Equity Management grew its holdings in shares of Valero Energy by 1.0% during the fourth quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock worth $1,145,000 after purchasing an additional 86 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 1.2 %

NYSE:VLO traded down $1.99 during trading hours on Tuesday, hitting $168.68. The stock had a trading volume of 633,250 shares, compared to its average volume of 3,358,906. The business’s 50 day moving average is $156.56 and its 200-day moving average is $138.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The company has a market cap of $56.08 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 1.68 and a beta of 1.54. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $8.45 EPS. The firm’s revenue was down 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Valero Energy Co. will post 17.25 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were given a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This is a positive change from Valero Energy’s previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a dividend yield of 2.54%. Valero Energy’s payout ratio is currently 17.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLO. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. TD Cowen upped their price objective on Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Scotiabank lifted their target price on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.40.

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.