US Bancorp DE Has $24.61 Million Stake in Valero Energy Co. (NYSE:VLO)

US Bancorp DE cut its position in Valero Energy Co. (NYSE:VLO) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,748 shares of the oil and gas company’s stock after selling 1,704 shares during the quarter. US Bancorp DE owned 0.06% of Valero Energy worth $24,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VLO. Gladstone Institutional Advisory LLC raised its position in shares of Valero Energy by 27.0% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,859 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 395 shares in the last quarter. Americana Partners LLC raised its position in shares of Valero Energy by 5.0% in the 3rd quarter. Americana Partners LLC now owns 1,883 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 89 shares in the last quarter. Conning Inc. raised its position in shares of Valero Energy by 59.9% in the 3rd quarter. Conning Inc. now owns 4,734 shares of the oil and gas company’s stock valued at $639,000 after buying an additional 1,773 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at approximately $38,000. Finally, Angeles Wealth Management LLC raised its position in shares of Valero Energy by 42.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,440 shares of the oil and gas company’s stock valued at $329,000 after buying an additional 731 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.7 %

VLO opened at $130.59 on Monday. 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 debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.93 and a beta of 1.42. The company’s 50 day moving average price is $132.06 and its two-hundred day moving average price is $135.05.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be paid a $1.13 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio is currently 53.30%.

Analyst Ratings Changes

Several equities analysts have recently commented on VLO shares. Mizuho dropped 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 report on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Barclays lowered their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.