Roman Butler Fullerton & Co. Sells 488 Shares of Valero Energy Co. (NYSE:VLO)

Roman Butler Fullerton & Co. lessened its stake in Valero Energy Co. (NYSE:VLO) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,484 shares of the oil and gas company’s stock after selling 488 shares during the period. Roman Butler Fullerton & Co.’s holdings in Valero Energy were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in shares of Valero Energy in the third quarter valued at about $28,000. Tobam acquired a new position in Valero Energy in the fourth quarter worth about $30,000. True Wealth Design LLC raised its position in 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 in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in Valero Energy in the third quarter worth about $38,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VLO. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Wells Fargo & Company dropped their price objective 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. TD Cowen dropped their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays lowered their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Mizuho lowered their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Trading Up 3.4 %

Shares of NYSE VLO opened at $135.49 on Friday. The company’s fifty day moving average is $130.47 and its 200-day moving average is $136.67. The stock has a market cap of $42.89 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.85 and a beta of 1.42. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. 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 (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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%. Equities research analysts predict that Valero Energy Co. will post 7.86 EPS for the current year.

Valero Energy Increases Dividend

The business 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. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, January 30th. Valero Energy’s payout ratio 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.