Hourglass Capital LLC Purchases 1,350 Shares of Valero Energy Co. (NYSE:VLO)

Hourglass Capital LLC grew its holdings in Valero Energy Co. (NYSE:VLO) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,830 shares of the oil and gas company’s stock after purchasing an additional 1,350 shares during the quarter. Hourglass Capital LLC’s holdings in Valero Energy were worth $4,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy in the 4th quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy in the third quarter worth $28,000. Tobam bought a new position in Valero Energy during the fourth quarter worth $30,000. True Wealth Design LLC raised its stake in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Valero Energy in the 3rd quarter valued at $38,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $135.49 on Friday. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The firm’s 50-day moving average price is $130.55 and its two-hundred day moving average price is $136.52. 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 stock has a market capitalization 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 (NYSE:VLO) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, equities analysts predict that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.34%. Valero Energy’s dividend payout ratio is 53.30%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Citigroup reduced their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho decreased their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

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.