Choreo LLC Sells 680 Shares of Valero Energy Co. (NYSE:VLO)

Choreo LLC trimmed its stake in Valero Energy Co. (NYSE:VLO) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,759 shares of the oil and gas company’s stock after selling 680 shares during the period. Choreo LLC’s holdings in Valero Energy were worth $1,542,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VLO. Wellington Management Group LLP increased its position in shares of Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after purchasing an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after buying an additional 1,066,923 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after buying an additional 568,000 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in Valero Energy in the third quarter worth approximately $70,352,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $133.05 on Friday. The stock has a fifty day moving average of $130.78 and a 200 day moving average of $137.31. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The firm has a market capitalization of $42.12 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.67 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 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%. As a group, research analysts expect that Valero Energy Co. will post 8.29 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a $1.13 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.40%. Valero Energy’s dividend payout ratio is 53.30%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho cut their target price on 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 raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. 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 note on Friday, January 31st. Bank of America assumed coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, TD Cowen dropped their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

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.