1,469 Shares in Valero Energy Co. (NYSE:VLO) Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC purchased a new position in Valero Energy Co. (NYSE:VLO) in the fourth quarter, Holdings Channel reports. The fund purchased 1,469 shares of the oil and gas company’s stock, valued at approximately $180,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock worth $4,257,024,000 after purchasing an additional 4,805,133 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Valero Energy by 4,908.0% during 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 buying an additional 2,793,607 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Valero Energy during the 4th quarter worth about $132,469,000. Prudential Financial Inc. increased its holdings in shares of Valero Energy by 159.3% in the 4th quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company’s stock valued at $104,221,000 after acquiring an additional 522,233 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth about $70,352,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.4 %

VLO opened at $131.43 on Friday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The business has a 50 day moving average price of $133.49 and a two-hundred day moving average price of $133.33. 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 has a market cap of $41.40 billion, a PE ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy’s payout ratio is 53.30%.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho reduced their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $152.67.

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.