Graypoint LLC Sells 574 Shares of Valero Energy Co. (NYSE:VLO)

Graypoint LLC lessened its holdings in Valero Energy Co. (NYSE:VLO) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 17,047 shares of the oil and gas company’s stock after selling 574 shares during the period. Graypoint LLC’s holdings in Valero Energy were worth $2,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tilia Fiduciary Partners Inc. boosted its stake in Valero Energy by 6.9% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 15,553 shares of the oil and gas company’s stock worth $1,907,000 after acquiring an additional 1,000 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in Valero Energy during the 4th quarter worth approximately $1,414,000. Douglas Lane & Associates LLC lifted its stake in Valero Energy by 10.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 30,528 shares of the oil and gas company’s stock valued at $3,742,000 after buying an additional 2,963 shares in the last quarter. Fulton Bank N.A. lifted its stake in Valero Energy by 4.6% in the fourth quarter. Fulton Bank N.A. now owns 13,355 shares of the oil and gas company’s stock valued at $1,637,000 after buying an additional 587 shares in the last quarter. Finally, Collective Family Office LLC lifted its stake in Valero Energy by 30.6% in the fourth quarter. Collective Family Office LLC now owns 5,272 shares of the oil and gas company’s stock valued at $646,000 after buying an additional 1,235 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VLO. BMO Capital Markets cut their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company cut their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays cut their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Valero Energy Price Performance

Shares of VLO opened at $127.27 on Friday. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The company’s fifty day simple moving average is $130.99 and its 200 day simple moving average is $139.10. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $7.49 earnings per share. On average, research analysts forecast that Valero Energy Co. will post 8.86 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

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.