Two Sigma Investments LP Has $35.83 Million Holdings in Valero Energy Co. (NYSE:VLO)

Two Sigma Investments LP lessened its stake in Valero Energy Co. (NYSE:VLO) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 292,293 shares of the oil and gas company’s stock after selling 310,781 shares during the period. Two Sigma Investments LP owned about 0.09% of Valero Energy worth $35,832,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VLO. Asset Management One Co. Ltd. increased its holdings in Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock valued at $14,751,000 after buying an additional 455 shares during the period. Hudson Capital Management LLC boosted its position in shares of Valero Energy by 6.5% during the 4th 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 in the last quarter. Patten Group Inc. bought a new stake in Valero Energy in the fourth quarter valued at about $277,000. Charles Schwab Investment Management Inc. raised its position in Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company’s stock worth $1,311,864,000 after purchasing an additional 413,963 shares in the last quarter. Finally, Private Management Group Inc. raised its position in Valero Energy by 7.4% in the fourth quarter. Private Management Group Inc. now owns 372,451 shares of the oil and gas company’s stock worth $45,659,000 after purchasing an additional 25,600 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 1.6%

VLO stock opened at $132.20 on Wednesday. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $167.78. The business has a 50-day simple moving average of $121.39 and a 200 day simple moving average of $128.63. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.41 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.82 EPS. Sell-side analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a dividend of $1.13 per share. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.42%. Valero Energy’s dividend payout ratio is currently 159.72%.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Piper Sandler lowered their price objective on Valero Energy from $144.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Morgan Stanley cut their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Mizuho increased their price objective on Valero Energy from $158.00 to $166.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 13th. Finally, Barclays upped their target price on shares of Valero Energy from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Valero Energy presently has a consensus rating of “Buy” and a consensus price target of $151.93.

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.