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

Kendall Capital Management reduced its position in shares of Valero Energy Co. (NYSE:VLO) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund 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 reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in shares of Valero Energy in the fourth quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the 3rd quarter worth $28,000. Tobam acquired a new stake in shares of Valero Energy during the fourth quarter worth $30,000. True Wealth Design LLC boosted its position in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Valero Energy in the 3rd quarter worth about $38,000. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on VLO shares. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho decreased their target price 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. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays decreased their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Trading Up 0.8 %

VLO opened at $127.00 on Friday. Valero Energy Co. has a twelve month low of $116.84 and a twelve month 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 fifty day moving average of $132.76 and a 200-day moving average of $134.40. The stock has a market cap of $40.21 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last posted its earnings results 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 net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. This is a boost 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 dividend yield of 3.56%. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

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.