International Assets Investment Management LLC Sells 1,063,848 Shares of Valero Energy Co. (NYSE:VLO)

International Assets Investment Management LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 98.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,501 shares of the oil and gas company’s stock after selling 1,063,848 shares during the quarter. International Assets Investment Management LLC’s holdings in Valero Energy were worth $1,540,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortem Financial Group LLC increased its stake in shares of Valero Energy by 4.0% during the fourth quarter. Fortem Financial Group LLC now owns 10,998 shares of the oil and gas company’s stock valued at $1,348,000 after buying an additional 426 shares during the period. Versant Capital Management Inc grew its holdings in Valero Energy by 18.1% during the 4th quarter. Versant Capital Management Inc now owns 1,521 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 233 shares in the last quarter. Independent Solutions Wealth Management LLC increased its position in Valero Energy by 2.1% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 13,258 shares of the oil and gas company’s stock valued at $1,790,000 after purchasing an additional 273 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Valero Energy by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company’s stock valued at $49,752,000 after purchasing an additional 3,065 shares in the last quarter. Finally, 1ST Source Bank lifted its position in shares of Valero Energy by 3.3% in the 3rd quarter. 1ST Source Bank now owns 4,286 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 135 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of analyst reports. TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Bank of America started coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Barclays lowered their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Mizuho reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Stock Up 1.0 %

Valero Energy stock opened at $125.21 on Thursday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a market cap of $39.64 billion, a PE ratio of 11.23, a PEG ratio of 2.43 and a beta of 1.42. 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 business’s 50-day simple moving average is $131.10 and its two-hundred day simple moving average is $139.36.

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

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.42%. Valero Energy’s dividend payout ratio (DPR) 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.