Dakota Wealth Management Lowers Stock Holdings in Valero Energy Corporation $VLO

Dakota Wealth Management cut its holdings in Valero Energy Corporation (NYSE:VLO) by 57.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412 shares of the oil and gas company’s stock after selling 7,274 shares during the quarter. Dakota Wealth Management’s holdings in Valero Energy were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Valero Energy during the second quarter valued at $827,390,000. Geode Capital Management LLC raised its position in shares of Valero Energy by 16.7% during the 2nd quarter. Geode Capital Management LLC now owns 8,141,511 shares of the oil and gas company’s stock worth $1,089,897,000 after purchasing an additional 1,164,217 shares during the last quarter. American Century Companies Inc. lifted its stake in Valero Energy by 162.5% in the 2nd quarter. American Century Companies Inc. now owns 523,692 shares of the oil and gas company’s stock valued at $70,395,000 after buying an additional 324,174 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Valero Energy by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,724,707 shares of the oil and gas company’s stock worth $1,576,035,000 after buying an additional 286,942 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Valero Energy by 17.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,706,187 shares of the oil and gas company’s stock valued at $286,076,000 after acquiring an additional 256,373 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLO shares. Wells Fargo & Company boosted their price target on Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Mizuho reaffirmed a “neutral” rating and set a $192.00 target price (up from $190.00) on shares of Valero Energy in a research note on Friday, December 12th. Argus raised shares of Valero Energy to a “hold” rating in a report on Monday, February 2nd. Erste Group Bank began coverage on shares of Valero Energy in a research note on Monday, November 10th. They issued a “buy” rating on the stock. Finally, Piper Sandler boosted their price target on shares of Valero Energy from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $187.67.

Valero Energy Stock Up 2.1%

Valero Energy stock opened at $203.79 on Friday. The company has a market capitalization of $62.16 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $206.77. The firm has a 50 day moving average price of $184.96 and a 200 day moving average price of $171.19.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 29th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.34% and a net margin of 1.91%.The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. Research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, February 5th will be given a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, February 5th. Valero Energy’s dividend payout ratio is currently 62.83%.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.