TIAA Trust National Association Sells 2,414 Shares of Valero Energy Co. (NYSE:VLO)

TIAA Trust National Association decreased its position in Valero Energy Co. (NYSE:VLO) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,156 shares of the oil and gas company’s stock after selling 2,414 shares during the quarter. TIAA Trust National Association’s holdings in Valero Energy were worth $509,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in Valero Energy during the 4th quarter worth $25,000. Tobam bought a new position in Valero Energy during the fourth quarter worth about $30,000. True Wealth Design LLC raised its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Valero Energy in the 4th quarter valued at about $38,000. Finally, OFI Invest Asset Management acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $37,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VLO has been the subject of several recent research reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Mizuho cut 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 report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $152.67.

Valero Energy Trading Down 1.0 %

Shares of Valero Energy stock opened at $133.14 on Friday. The firm’s 50 day moving average is $133.68 and its 200 day moving average is $133.35. The firm has a market capitalization of $41.94 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. 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 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%. 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 53.30%.

Valero Energy Company 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.