Adell Harriman & Carpenter Inc. Decreases Stock Position in Valero Energy Co. (NYSE:VLO)

Adell Harriman & Carpenter Inc. decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 73,603 shares of the oil and gas company’s stock after selling 875 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy were worth $9,023,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock worth $174,673,000 after acquiring an additional 22,571 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at approximately $1,226,000. Hudson Capital Management LLC boosted its stake in shares of Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after buying an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $274,000. Finally, Captrust Financial Advisors raised its holdings in Valero Energy by 7.5% in the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after acquiring an additional 6,278 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of several recent analyst reports. TD Cowen decreased 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 objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $154.46.

Valero Energy Trading Up 3.4 %

Shares of NYSE:VLO opened at $135.49 on Friday. The company’s 50-day moving average price is $130.47 and its 200 day moving average price is $136.67. The company has a market cap of $42.89 billion, a PE ratio of 15.98, a P/E/G ratio of 2.85 and a beta of 1.42. 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 Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Valero Energy Co. will post 7.86 earnings per share 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 issued a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.34%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 53.30%.

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.