Modern Wealth Management LLC Acquires New Stake in Valero Energy Co. (NYSE:VLO)

Modern Wealth Management LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,469 shares of the oil and gas company’s stock, valued at approximately $180,000.

A number of other large investors have also modified their holdings of VLO. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam purchased a new stake in shares of Valero Energy in the fourth quarter valued at approximately $30,000. True Wealth Design LLC increased its holdings in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Valero Energy during the fourth quarter worth approximately $38,000. Finally, OFI Invest Asset Management acquired a new position in Valero Energy during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.67.

Valero Energy Trading Down 1.4 %

Shares of NYSE VLO opened at $131.43 on Friday. The stock has a fifty day simple moving average of $133.49 and a 200-day simple moving average of $133.33. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $41.40 billion, a PE ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is currently 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.