WealthBridge Capital Management LLC Cuts Stock Holdings in Valero Energy Co. (NYSE:VLO)

WealthBridge Capital Management LLC trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,498 shares of the oil and gas company’s stock after selling 509 shares during the period. WealthBridge Capital Management LLC’s holdings in Valero Energy were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VLO. Wellington Management Group LLP boosted its position in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after buying an additional 2,793,607 shares during the period. International Assets Investment Management LLC raised its stake in shares of Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after acquiring an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Valero Energy by 900.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after acquiring an additional 568,000 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after acquiring an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Valero Energy during the third quarter valued at about $70,352,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 0.8 %

NYSE:VLO opened at $137.06 on Thursday. The company’s 50 day moving average price is $130.76 and its 200-day moving average price is $135.94. Valero Energy Co. has a 52 week low of $116.84 and a 52 week 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 stock has a market cap of $43.39 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.91 and a beta of 1.42.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. Valero Energy’s dividend payout ratio is presently 53.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen lowered their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Citigroup decreased their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Barclays decreased their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy 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.