Vanguard Personalized Indexing Management LLC Purchases 3,292 Shares of Valero Energy Corporation $VLO

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 6.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 52,487 shares of the oil and gas company’s stock after acquiring an additional 3,292 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Valero Energy were worth $8,940,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Consolidated Planning Corp bought a new position in Valero Energy during the second quarter worth about $339,000. Nisa Investment Advisors LLC raised its stake in Valero Energy by 17.4% in the third quarter. Nisa Investment Advisors LLC now owns 160,794 shares of the oil and gas company’s stock valued at $27,377,000 after buying an additional 23,859 shares during the period. Federated Hermes Inc. lifted its position in shares of Valero Energy by 15.7% in the second quarter. Federated Hermes Inc. now owns 161,957 shares of the oil and gas company’s stock valued at $21,770,000 after buying an additional 21,997 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Valero Energy by 9.0% during the 3rd quarter. Cerity Partners LLC now owns 104,859 shares of the oil and gas company’s stock worth $17,853,000 after acquiring an additional 8,638 shares during the period. Finally, Tema Etfs LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth approximately $1,669,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $183.42 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $194.35. The firm has a market cap of $55.94 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The business’s fifty day moving average is $174.82 and its 200-day moving average is $162.90.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, February 5th will be issued a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.6%. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

VLO has been the topic of several research reports. Wall Street Zen downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of Valero Energy from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. TD Cowen raised their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Mizuho reaffirmed a “neutral” rating and issued a $192.00 target price (up previously from $190.00) on shares of Valero Energy in a research report on Friday, December 12th. Finally, Piper Sandler reduced their price target on Valero Energy from $223.00 to $217.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the completion of the transaction, the chief financial officer directly owned 134,196 shares in the company, valued at $23,352,787.92. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.37% of the company’s stock.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.