BluePath Capital Management LLC Has $991,000 Position in Valero Energy Co. (NYSE:VLO)

BluePath Capital Management LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 38.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,430 shares of the oil and gas company’s stock after buying an additional 2,082 shares during the period. BluePath Capital Management LLC’s holdings in Valero Energy were worth $991,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VLO. Quad Cities Investment Group LLC raised its position in shares of Valero Energy by 1.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after acquiring an additional 75 shares in the last quarter. Providence Wealth Advisors LLC increased its holdings in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after purchasing an additional 75 shares in the last quarter. New Century Financial Group LLC increased its holdings in Valero Energy by 5.0% in the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 81 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in Valero Energy by 4.7% in the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 82 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its holdings in shares of Valero Energy by 6.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,420 shares of the oil and gas company’s stock worth $192,000 after buying an additional 85 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLO. Mizuho lowered their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Scotiabank cut their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, TD Cowen cut their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Trading Up 3.0 %

NYSE VLO opened at $138.10 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $43.72 billion, a P/E ratio of 12.39, a PEG ratio of 2.43 and a beta of 1.42. The business has a fifty day simple moving average of $131.10 and a 200 day simple moving average of $138.59. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79.

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

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

Valero Energy 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.