Savant Capital LLC Sells 12,188 Shares of Valero Energy Corporation $VLO

Savant Capital LLC lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 43.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,097 shares of the oil and gas company’s stock after selling 12,188 shares during the period. Savant Capital LLC’s holdings in Valero Energy were worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Valero Energy in the 3rd quarter valued at $27,000. Torren Management LLC bought a new stake in Valero Energy in the 4th quarter valued at $30,000. Triumph Capital Management bought a new stake in Valero Energy in the 3rd quarter valued at $35,000. Physician Wealth Advisors Inc. grew its holdings in Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 125 shares in the last quarter. Finally, Accordant Advisory Group Inc grew its holdings in Valero Energy by 194.4% in the 4th quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 140 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VLO shares. Wells Fargo & Company upped their price objective on Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Morgan Stanley upped their price objective on Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Scotiabank upped their price objective on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 price objective on shares of Valero Energy in a report on Tuesday, April 21st. Finally, Piper Sandler upped their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.65.

Insider Activity

In other news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $245.08 on Monday. The firm has a market cap of $72.77 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55. Valero Energy Corporation has a 52-week low of $125.10 and a 52-week high of $263.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The business’s fifty day moving average is $242.80 and its 200-day moving average is $207.23.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.06. The company had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Sell-side analysts expect that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio is 34.88%.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.