Envestnet Portfolio Solutions Inc. Sells 10,977 Shares of Valero Energy Co. (NYSE:VLO)

Envestnet Portfolio Solutions Inc. lessened its position in Valero Energy Co. (NYSE:VLO) by 57.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,292 shares of the oil and gas company’s stock after selling 10,977 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Valero Energy were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Valero Energy by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock worth $14,751,000 after purchasing an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Valero Energy during the fourth quarter worth approximately $1,226,000. Hudson Capital Management LLC boosted its position in shares of Valero Energy by 6.5% in the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after acquiring an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth $274,000. Finally, Captrust Financial Advisors increased its position in Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after acquiring an additional 6,278 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $131.42 on Friday. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The firm’s 50-day moving average price is $133.96 and its two-hundred day moving average price is $133.43. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $41.39 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (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%. On average, equities analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analysts Set New Price Targets

VLO has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.08.

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.