Wellington Management Group LLP Has $337.51 Million Stake in Valero Energy Co. (NYSE:VLO)

Wellington Management Group LLP lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,753,179 shares of the oil and gas company’s stock after selling 97,347 shares during the quarter. Wellington Management Group LLP’s holdings in Valero Energy were worth $337,512,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VLO. Asset Management One Co. Ltd. increased its holdings in Valero Energy by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock worth $14,751,000 after purchasing an additional 455 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Valero Energy in the 4th quarter valued at approximately $1,226,000. Hudson Capital Management LLC lifted its stake in Valero Energy by 6.5% in the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after acquiring an additional 1,937 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Valero Energy during the 4th quarter worth approximately $274,000. Finally, Patten Group Inc. bought a new position in shares of Valero Energy during the 4th quarter worth approximately $277,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the subject of several recent research reports. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho reduced 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 note on Wednesday, January 8th. Piper Sandler lowered their target price 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, Wells Fargo & Company reduced their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.67.

Valero Energy Stock Performance

NYSE VLO opened at $133.65 on Wednesday. The stock has a market cap of $42.10 billion, a PE ratio of 15.76, 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 quick ratio of 1.11 and a current ratio of 1.57. The firm has a 50-day moving average of $133.19 and a 200-day moving average of $133.30. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.38%. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

About Valero Energy

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.