iA Global Asset Management Inc. Has $293,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

iA Global Asset Management Inc. decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 83.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,387 shares of the oil and gas company’s stock after selling 11,910 shares during the period. iA Global Asset Management Inc.’s holdings in Valero Energy were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Providence Wealth Advisors LLC boosted its position in Valero Energy by 0.9% during the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after purchasing an additional 75 shares during the last quarter. Segment Wealth Management LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after purchasing an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 90 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 2.5 %

Valero Energy stock opened at $131.42 on Friday. 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 business’s 50-day simple moving average is $133.96 and its 200-day simple moving average is $133.43. The firm has a market capitalization of $41.39 billion, a PE ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last posted 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 return on equity of 9.58% and a net margin of 2.13%. Equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.44%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s payout ratio is currently 53.30%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering upgraded 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 assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.