Everence Capital Management Inc. Lowers Position in Valero Energy Co. (NYSE:VLO)

Everence Capital Management Inc. trimmed its position in Valero Energy Co. (NYSE:VLO) by 60.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,210 shares of the oil and gas company’s stock after selling 24,420 shares during the period. Everence Capital Management Inc.’s holdings in Valero Energy were worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VLO. Charles Schwab Investment Management Inc. boosted its stake in Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after acquiring an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after acquiring an additional 192,397 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Valero Energy by 5.6% in the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after acquiring an additional 247,630 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after acquiring an additional 237,347 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings 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 during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $124.26 on Friday. The firm has a market cap of $39.34 billion, a P/E ratio of 11.14, a PEG ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a 50 day simple moving average of $131.62 and a two-hundred day simple moving average of $140.19. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the business earned $7.49 earnings per share. The business’s revenue was down 14.4% on a year-over-year basis. Equities analysts forecast that Valero Energy Co. will post 8.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLO. The Goldman Sachs Group reduced their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Citigroup lowered their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.07.

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.