DMC Group LLC Grows Position in Valero Energy Co. (NYSE:VLO)

DMC Group LLC increased its position in Valero Energy Co. (NYSE:VLO) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,332 shares of the oil and gas company’s stock after buying an additional 304 shares during the quarter. DMC Group LLC’s holdings in Valero Energy were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Valero Energy by 10.7% during the second quarter. Creative Planning now owns 81,476 shares of the oil and gas company’s stock worth $12,772,000 after purchasing an additional 7,849 shares during the period. NewEdge Advisors LLC grew its position in shares of Valero Energy by 9.5% in the 2nd quarter. NewEdge Advisors LLC now owns 26,606 shares of the oil and gas company’s stock worth $4,171,000 after buying an additional 2,317 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Valero Energy by 16.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,344 shares of the oil and gas company’s stock valued at $2,092,000 after buying an additional 1,880 shares during the period. Cetera Investment Advisers raised its holdings in shares of Valero Energy by 4.8% during the second quarter. Cetera Investment Advisers now owns 116,120 shares of the oil and gas company’s stock valued at $18,203,000 after acquiring an additional 5,295 shares in the last quarter. Finally, New Century Financial Group LLC purchased a new stake in Valero Energy in the second quarter worth $255,000. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. Scotiabank reduced their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho reduced their price target 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. BMO Capital Markets lowered their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Citigroup reduced their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.54.

Valero Energy Trading Up 0.9 %

Valero Energy stock opened at $139.44 on Thursday. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a market capitalization of $44.14 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42. The business’s fifty day simple moving average is $131.15 and its two-hundred day simple moving average is $137.71. 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 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 2.74% and a return on equity of 13.07%. As a group, equities analysts predict that Valero Energy Co. will post 7.93 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.24%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

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.