Accordant Advisory Group Inc Has $1.88 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Accordant Advisory Group Inc lessened its holdings in Valero Energy Co. (NYSE:VLO) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,359 shares of the oil and gas company’s stock after selling 87 shares during the period. Valero Energy comprises approximately 1.8% of Accordant Advisory Group Inc’s portfolio, making the stock its 18th biggest position. Accordant Advisory Group Inc’s holdings in Valero Energy were worth $1,883,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Valero Energy in the third quarter worth about $28,000. Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy in the third quarter worth about $34,000. True Wealth Design LLC increased its stake 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 worth $37,000 after purchasing an additional 183 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Valero Energy in the third quarter worth about $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Valero Energy in the third quarter worth about $50,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of several research reports. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Barclays lowered their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, BMO Capital Markets lowered their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.54.

Valero Energy Stock Down 2.2 %

NYSE:VLO opened at $138.14 on Wednesday. The stock’s fifty day moving average price is $131.23 and its two-hundred day moving average price is $137.78. The company has a market cap of $43.73 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 2.81 and a beta of 1.42. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 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.