Flagship Harbor Advisors LLC Has $1.14 Million Position in Valero Energy Co. (NYSE:VLO)

Flagship Harbor Advisors LLC cut its holdings in Valero Energy Co. (NYSE:VLO) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,291 shares of the oil and gas company’s stock after selling 1,789 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Valero Energy were worth $1,139,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Quad Cities Investment Group LLC grew its position in Valero Energy by 1.6% during the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after acquiring an additional 75 shares during the last quarter. Providence Wealth Advisors LLC grew its holdings in shares of 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 worth $1,169,000 after purchasing an additional 75 shares during the last quarter. New Century Financial Group LLC grew its holdings in shares of Valero Energy by 5.0% during the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 81 shares during the last quarter. Segment Wealth Management LLC increased its stake in shares of Valero Energy by 1.7% in 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 buying an additional 81 shares during the period. Finally, Opal Wealth Advisors LLC raised its holdings in Valero Energy by 4.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 82 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 0.7 %

NYSE:VLO opened at $139.80 on Monday. The firm has a fifty day simple moving average of $131.28 and a two-hundred day simple moving average of $137.87. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The stock has a market capitalization of $44.26 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.81 and a beta of 1.42. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.49 EPS. Analysts expect that Valero Energy Co. will post 7.93 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s dividend payout ratio is presently 38.39%.

Analyst Ratings Changes

A number of research firms have weighed in on VLO. Citigroup reduced their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. TD Cowen cut their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Scotiabank decreased their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.54.

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.