Jacobi Capital Management LLC Cuts Stock Position in Valero Energy Co. (NYSE:VLO)

Jacobi Capital Management LLC lessened its holdings in Valero Energy Co. (NYSE:VLO) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,692 shares of the oil and gas company’s stock after selling 261 shares during the period. Jacobi Capital Management LLC’s holdings in Valero Energy were worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. MGO One Seven LLC increased its stake in Valero Energy by 198.8% in the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after buying an additional 11,047 shares in the last quarter. Symmetry Investments LP purchased a new stake in Valero Energy in the 4th quarter worth $1,108,000. Elo Mutual Pension Insurance Co increased its stake in Valero Energy by 1.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 30,831 shares of the oil and gas company’s stock worth $4,008,000 after buying an additional 573 shares in the last quarter. Lingohr Asset Management GmbH increased its stake in Valero Energy by 39.7% in the 4th quarter. Lingohr Asset Management GmbH now owns 5,169 shares of the oil and gas company’s stock worth $667,000 after buying an additional 1,469 shares in the last quarter. Finally, Mosley Wealth Management purchased a new position in shares of Valero Energy during the fourth quarter valued at about $221,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.6 %

Shares of Valero Energy stock traded down $0.91 on Tuesday, hitting $153.68. 789,144 shares of the company traded hands, compared to its average volume of 3,099,828. The stock’s 50 day moving average price is $163.63 and its 200-day moving average price is $147.77. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $108.28 and a 52 week high of $184.79. The company has a market cap of $50.25 billion, a PE ratio of 7.60, a PEG ratio of 1.44 and a beta of 1.47.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.64. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.27 earnings per share. Equities research analysts predict that Valero Energy Co. will post 17.82 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, May 30th. Valero Energy’s payout ratio is 21.20%.

Insider Activity at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank raised their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. UBS Group lifted their price target on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Citigroup raised their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Piper Sandler decreased their price objective on shares of Valero Energy from $198.00 to $187.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

Valero Energy 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.