Buckley Wealth Management LLC Has $1.01 Million Stake in Valero Energy Co. (NYSE:VLO)

Buckley Wealth Management LLC grew its position in Valero Energy Co. (NYSE:VLO) by 14.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,275 shares of the oil and gas company’s stock after purchasing an additional 1,040 shares during the period. Buckley Wealth Management LLC’s holdings in Valero Energy were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Providence Wealth Advisors LLC grew its position in shares of 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 valued at $1,169,000 after purchasing an additional 75 shares during the last quarter. Segment Wealth Management LLC grew its position in shares of Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC grew its position in shares of Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after purchasing an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its position in shares of Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 90 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of Valero Energy by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Up 2.7 %

NYSE VLO opened at $129.20 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. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The business’s fifty day moving average is $133.12 and its 200 day moving average is $133.84.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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%. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued 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 was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.50%. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

Analyst Ratings Changes

VLO has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler cut their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Mizuho cut their price target 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. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.08.

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.