Annex Advisory Services LLC Sells 4,992 Shares of Valero Energy Co. (NYSE:VLO)

Annex Advisory Services LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,424 shares of the oil and gas company’s stock after selling 4,992 shares during the quarter. Annex Advisory Services LLC’s holdings in Valero Energy were worth $6,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VLO. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy in the third quarter valued at about $28,000. Compagnie Lombard Odier SCmA bought a new position in Valero Energy during the third quarter worth $34,000. True Wealth Design LLC lifted 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 during the period. Harbor Capital Advisors Inc. acquired a new stake in Valero Energy during the third quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Valero Energy in the third quarter valued at approximately $50,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. cut their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Stock Performance

NYSE VLO opened at $141.21 on Monday. The company has a fifty day moving average price of $131.25 and a 200-day moving average price of $138.34. The firm has a market cap of $44.70 billion, a price-to-earnings ratio of 12.66, 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. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the prior year, the firm posted $7.49 EPS. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Co. will post 7.96 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

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.