Atlas Capital Advisors Inc. Has $583,000 Holdings in Valero Energy Co. (NYSE:VLO)

Atlas Capital Advisors Inc. decreased its holdings in Valero Energy Co. (NYSE:VLO) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,756 shares of the oil and gas company’s stock after selling 120 shares during the period. Atlas Capital Advisors Inc.’s holdings in Valero Energy were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new position in shares of Valero Energy during the 3rd quarter valued at $1,886,000. Hilltop Holdings Inc. grew its stake in Valero Energy by 8.5% in the third quarter. Hilltop Holdings Inc. now owns 2,179 shares of the oil and gas company’s stock valued at $294,000 after purchasing an additional 171 shares in the last quarter. IHT Wealth Management LLC grew its stake in Valero Energy by 6.3% in the third quarter. IHT Wealth Management LLC now owns 7,699 shares of the oil and gas company’s stock valued at $1,043,000 after purchasing an additional 453 shares in the last quarter. Royal London Asset Management Ltd. increased its position in Valero Energy by 0.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 438,949 shares of the oil and gas company’s stock worth $59,271,000 after purchasing an additional 4,088 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Valero Energy during the 3rd quarter worth about $77,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Mizuho lowered their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.67.

Valero Energy Trading Down 8.4 %

Valero Energy stock opened at $104.64 on Friday. Valero Energy Co. has a 52 week low of $102.60 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market capitalization of $32.96 billion, a PE ratio of 12.34, a PEG ratio of 2.93 and a beta of 1.36. The business’s 50-day simple moving average is $131.94 and its 200-day simple moving average is $132.97.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping 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%. Equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.32%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

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.