Valero Energy Co. (NYSE:VLO) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in Valero Energy Co. (NYSE:VLO) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,552 shares of the oil and gas company’s stock after acquiring an additional 1,633 shares during the quarter. HB Wealth Management LLC’s holdings in Valero Energy were worth $2,152,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VLO. Wellington Management Group LLP grew its holdings in shares of Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after acquiring an additional 2,793,607 shares during the period. International Assets Investment Management LLC boosted its position in Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after purchasing an additional 1,066,923 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after purchasing an additional 568,000 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after buying an additional 567,059 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth $70,352,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Citigroup cut their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barclays lowered their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Bank of America assumed coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Stock Up 1.3 %

Shares of VLO opened at $141.21 on Monday. The firm has a market cap of $44.71 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $131.25 and its two-hundred day moving average is $138.34. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.49 earnings per share. Analysts forecast that Valero Energy Co. will post 7.96 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.20%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is 40.54%.

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.