L.M. Kohn & Company Has $673,000 Stake in Valero Energy Co. (NYSE:VLO)

L.M. Kohn & Company lowered its position in Valero Energy Co. (NYSE:VLO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,492 shares of the oil and gas company’s stock after selling 160 shares during the period. L.M. Kohn & Company’s holdings in Valero Energy were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy in the third quarter worth about $28,000. Tobam acquired a new position in shares of Valero Energy during the 4th quarter valued at about $30,000. True Wealth Design LLC raised its stake in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in Valero Energy in the 3rd quarter worth approximately $38,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VLO shares. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Citigroup dropped their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. TD Cowen cut their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company lowered their price objective 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. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Price Performance

NYSE:VLO opened at $135.49 on Friday. 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 firm has a market cap of $42.89 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company’s 50-day moving average price is $130.55 and its two-hundred day moving average price is $136.52.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping 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 anticipate that Valero Energy Co. will post 7.86 EPS for the current fiscal year.

Valero Energy Increases Dividend

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