SevenBridge Financial Group LLC Sells 795 Shares of Valero Energy Co. (NYSE:VLO)

SevenBridge Financial Group LLC trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 25.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,363 shares of the oil and gas company’s stock after selling 795 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Valero Energy were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VLO. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the 4th quarter worth $25,000. Tobam purchased a new position in shares of Valero Energy in the fourth quarter worth about $30,000. OFI Invest Asset Management bought a new stake in shares of Valero Energy in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC grew its position in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 183 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VLO shares. Wells Fargo & Company lowered their price objective 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. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.67.

Valero Energy Trading Up 0.0 %

VLO opened at $133.77 on Thursday. 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 Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The stock has a market cap of $42.13 billion, a PE ratio of 15.77, a PEG ratio of 2.93 and a beta of 1.36. The business has a 50 day moving average of $133.17 and a 200-day moving average of $133.30.

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

Valero Energy Increases Dividend

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

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.