CIBC Private Wealth Group LLC Has $13.39 Million Position in Valero Energy Co. (NYSE:VLO)

CIBC Private Wealth Group LLC increased its holdings in Valero Energy Co. (NYSE:VLO) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 106,985 shares of the oil and gas company’s stock after buying an additional 10,134 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Valero Energy were worth $13,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in shares of Valero Energy by 7.5% during the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after buying an additional 6,278 shares during the period. Edgestream Partners L.P. bought a new position in shares of Valero Energy during the third quarter valued at $2,299,000. True Wealth Design LLC boosted its stake in shares of 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 valued at $37,000 after purchasing an additional 183 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Valero Energy in the 3rd quarter worth about $12,261,000. Finally, Paloma Partners Management Co increased its position in shares of Valero Energy by 68.1% during the 3rd quarter. Paloma Partners Management Co now owns 21,735 shares of the oil and gas company’s stock worth $2,935,000 after purchasing an additional 8,804 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.5 %

Shares of NYSE:VLO opened at $132.19 on Tuesday. The company has a 50 day moving average of $133.31 and a 200-day moving average of $133.30. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The stock has a market cap of $41.64 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, sell-side analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current 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 paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 53.30%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler dropped their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.67.

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.