Brown Brothers Harriman & Co. Trims Holdings in Valero Energy Co. (NYSE:VLO)

Brown Brothers Harriman & Co. lowered its holdings in Valero Energy Co. (NYSE:VLOFree Report) by 45.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,767 shares of the oil and gas company’s stock after selling 3,138 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Valero Energy were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Counselors Inc. boosted its stake in shares of Valero Energy by 10.5% during the 3rd quarter. Financial Counselors Inc. now owns 2,507 shares of the oil and gas company’s stock valued at $355,000 after purchasing an additional 239 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Valero Energy during the 3rd quarter worth approximately $255,000. Kingsview Wealth Management LLC raised its position in shares of Valero Energy by 28.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 11,893 shares of the oil and gas company’s stock worth $1,685,000 after acquiring an additional 2,656 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Valero Energy by 44.3% in the 3rd quarter. Keybank National Association OH now owns 11,835 shares of the oil and gas company’s stock valued at $1,677,000 after purchasing an additional 3,636 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its position in shares of Valero Energy by 21.4% during the third quarter. Kestra Private Wealth Services LLC now owns 19,360 shares of the oil and gas company’s stock valued at $2,744,000 after purchasing an additional 3,408 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on VLO. The Goldman Sachs Group raised their price objective on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $156.00 to $210.00 in a research note on Friday, March 15th. JPMorgan Chase & Co. boosted their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Argus lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.87.

Get Our Latest Stock Analysis on VLO

Insider Buying and Selling at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by corporate insiders.

Valero Energy Stock Performance

Shares of VLO traded up $6.24 during mid-day trading on Friday, hitting $157.14. 4,902,497 shares of the company traded hands, compared to its average volume of 2,409,711. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 1.45 and a beta of 1.55. The stock has a 50-day moving average price of $165.42 and a two-hundred day moving average price of $146.34. Valero Energy Co. has a 1 year low of $105.66 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same period in the prior year, the firm earned $8.27 EPS. The company’s revenue was down 12.8% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Co. will post 17.82 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.72%. Valero Energy’s dividend 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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