Wilsey Asset Management Inc. Has $919,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Wilsey Asset Management Inc. cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,496 shares of the oil and gas company’s stock after selling 547 shares during the quarter. Valero Energy comprises 0.2% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 19th largest holding. Wilsey Asset Management Inc.’s holdings in Valero Energy were worth $919,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after purchasing an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after buying an additional 1,066,923 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Valero Energy by 900.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after buying an additional 568,000 shares in the last quarter. Pacer Advisors Inc. increased its stake in Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after acquiring an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $70,352,000. 78.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLO shares. Bank of America assumed coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Barclays lowered their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. TD Cowen decreased their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup dropped their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. 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 two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Price Performance

Shares of VLO stock opened at $133.05 on Monday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The stock has a market capitalization of $42.12 billion, a PE ratio of 15.69, a PEG ratio of 2.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock’s fifty day moving average is $130.66 and its 200-day moving average is $137.13.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts expect that Valero Energy Co. will post 7.86 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s 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.