Koshinski Asset Management Inc. Sells 241 Shares of Valero Energy Co. (NYSE:VLO)

Koshinski Asset Management Inc. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,063 shares of the oil and gas company’s stock after selling 241 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Valero Energy were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. ProShare Advisors LLC raised its holdings in shares of Valero Energy by 10.8% during the second quarter. ProShare Advisors LLC now owns 68,324 shares of the oil and gas company’s stock valued at $10,710,000 after acquiring an additional 6,638 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Valero Energy by 54.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,112 shares of the oil and gas company’s stock valued at $9,893,000 after acquiring an additional 22,336 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in Valero Energy by 59.1% in the second quarter. HITE Hedge Asset Management LLC now owns 31,818 shares of the oil and gas company’s stock worth $4,988,000 after purchasing an additional 11,819 shares during the period. Caxton Associates LP purchased a new stake in Valero Energy in the second quarter worth $1,474,000. Finally, AlTi Global Inc. grew its stake in Valero Energy by 451.1% in the second quarter. AlTi Global Inc. now owns 29,839 shares of the oil and gas company’s stock worth $4,678,000 after purchasing an additional 24,425 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 3.2 %

Valero Energy stock opened at $135.00 on Thursday. 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 Co. has a one year low of $116.84 and a one year high of $184.79. The stock has a market capitalization of $42.74 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. The business’s fifty day moving average is $131.36 and its 200 day moving average is $137.98.

Valero Energy (NYSE:VLO) last released 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 company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same period last year, the firm posted $7.49 earnings per share. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. On average, sell-side analysts predict that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The company also recently announced 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 3.35%. Valero Energy’s dividend payout ratio is currently 38.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Barclays reduced their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Scotiabank reduced their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Mizuho cut their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.