Viawealth LLC Buys 167 Shares of Valero Energy Co. (NYSE:VLO)

Viawealth LLC boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,293 shares of the oil and gas company’s stock after buying an additional 167 shares during the quarter. Viawealth LLC’s holdings in Valero Energy were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Providence Wealth Advisors LLC boosted its holdings in shares of Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after buying an additional 75 shares during the last quarter. Segment Wealth Management LLC raised 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 worth $606,000 after acquiring an additional 81 shares in the last quarter. Silver Coast Investments LLC lifted its stake in Valero Energy by 1.7% in 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 acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its position in shares of Valero Energy by 2.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 94 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased 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. Finally, Mizuho cut their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Trading Up 1.4 %

Shares of Valero Energy stock opened at $133.89 on Thursday. The firm’s 50-day moving average price is $133.68 and its two-hundred day moving average price is $133.58. The company has a market capitalization of $42.17 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.93 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.38%. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

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.