Transcend Capital Advisors LLC Sells 218 Shares of Valero Energy Co. (NYSE:VLO)

Transcend Capital Advisors LLC lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,774 shares of the oil and gas company’s stock after selling 218 shares during the period. Transcend Capital Advisors LLC’s holdings in Valero Energy were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VLO. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the fourth quarter worth about $25,000. Peterson Financial Group Inc. bought a new stake in Valero Energy during the third quarter worth about $28,000. Tobam bought a new stake in Valero Energy during the fourth quarter worth about $30,000. True Wealth Design LLC boosted its stake in Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 183 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Valero Energy during the third quarter worth about $38,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.46.

Valero Energy Stock Down 3.2 %

Shares of Valero Energy stock opened at $134.67 on Monday. The company has a market cap of $42.63 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. The company’s 50 day moving average is $131.06 and its 200 day moving average is $135.69. 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 earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. Research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s dividend 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.