Bryn Mawr Capital Management LLC Decreases Holdings in Valero Energy Co. (NYSE:VLO)

Bryn Mawr Capital Management LLC trimmed its stake in shares of Valero Energy Co. (NYSE:VLO) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,900 shares of the oil and gas company’s stock after selling 1,025 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Valero Energy were worth $355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. National Pension Service lifted its stake in shares of Valero Energy by 2.0% in the fourth quarter. National Pension Service now owns 947,891 shares of the oil and gas company’s stock worth $116,202,000 after buying an additional 18,677 shares in the last quarter. Denali Advisors LLC lifted its stake in shares of Valero Energy by 28.1% in the fourth quarter. Denali Advisors LLC now owns 4,100 shares of the oil and gas company’s stock worth $503,000 after buying an additional 900 shares in the last quarter. Daner Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter worth about $410,000. Horizon Advisory Services Inc. lifted its stake in shares of Valero Energy by 7.6% in the fourth quarter. Horizon Advisory Services Inc. now owns 2,116 shares of the oil and gas company’s stock worth $259,000 after buying an additional 149 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of Valero Energy in the fourth quarter worth about $1,613,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Price Performance

Shares of VLO opened at $129.65 on Friday. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The stock has a market cap of $41.04 billion, a PE ratio of 15.29, a P/E/G ratio of 2.93 and a beta of 1.42. The firm has a 50-day simple moving average of $131.82 and a two-hundred day simple moving average of $135.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be paid a $1.13 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.49%. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Barclays cut their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company cut their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.46.

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.