8,131 Shares in Valero Energy Co. (NYSE:VLO) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,131 shares of the oil and gas company’s stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Valero Energy in the 4th quarter worth approximately $669,400,000. Providence Wealth Advisors LLC boosted its stake in Valero Energy by 1.1% during the fourth quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company’s stock valued at $1,086,000 after buying an additional 94 shares during the period. NEOS Investment Management LLC grew its position in Valero Energy by 31.6% during the fourth quarter. NEOS Investment Management LLC now owns 20,714 shares of the oil and gas company’s stock worth $2,539,000 after buying an additional 4,978 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Valero Energy by 26.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 26,987 shares of the oil and gas company’s stock worth $3,308,000 after acquiring an additional 5,637 shares during the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in shares of Valero Energy in the 4th quarter valued at about $184,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Valero Energy Stock Up 0.5 %

Shares of NYSE VLO opened at $132.19 on Tuesday. 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 52 week low of $116.84 and a 52 week high of $184.79. The firm’s fifty day moving average is $133.31 and its 200 day moving average is $133.30. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last announced 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 research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a $1.13 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

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.