Verus Capital Partners LLC Has $353,000 Holdings in Valero Energy Co. (NYSE:VLO)

Verus Capital Partners LLC raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,876 shares of the oil and gas company’s stock after purchasing an additional 122 shares during the period. Verus Capital Partners LLC’s holdings in Valero Energy were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VLO. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $28,000. Tobam acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $30,000. True Wealth Design LLC raised its position in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Valero Energy Trading Up 0.7 %

NYSE VLO opened at $130.59 on Friday. The company has a market cap of $41.34 billion, a PE ratio of 15.40, a PEG ratio of 2.93 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 Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The stock has a 50 day moving average of $132.06 and a 200-day moving average of $135.14.

Valero Energy (NYSE:VLO) last released 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 return on equity of 9.58% and a net margin of 2.13%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 53.30%.

About Valero Energy

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.