CreativeOne Wealth LLC Sells 1,944 Shares of Valero Energy Co. (NYSE:VLO)

CreativeOne Wealth LLC reduced its stake in Valero Energy Co. (NYSE:VLOFree Report) by 24.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,012 shares of the oil and gas company’s stock after selling 1,944 shares during the quarter. CreativeOne Wealth LLC’s holdings in Valero Energy were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VLO. BKM Wealth Management LLC purchased a new stake in shares of Valero Energy in the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth approximately $28,000. Wetzel Investment Advisors Inc. purchased a new stake in Valero Energy during the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new stake in Valero Energy during the fourth quarter valued at approximately $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Valero Energy during the third quarter valued at approximately $42,000. 78.69% of the stock is currently owned by institutional investors.

Insider Transactions at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VLO shares. Piper Sandler decreased their target price on shares of Valero Energy from $198.00 to $187.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. Citigroup raised their price target on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays decreased their price target on shares of Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. UBS Group raised their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $210.00 in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.87.

View Our Latest Research Report on VLO

Valero Energy Stock Performance

Shares of NYSE VLO opened at $162.00 on Thursday. The company has a market cap of $52.97 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55. Valero Energy Co. has a 12 month low of $105.66 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company has a 50-day simple moving average of $166.46 and a 200-day simple moving average of $144.58.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same period last year, the company earned $8.27 earnings per share. The company’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy Co. will post 18.18 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, May 29th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.64%. Valero Energy’s payout ratio is currently 21.20%.

Valero Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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