Valero Energy Co. (NYSE:VLO) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,185 shares of the oil and gas company’s stock after acquiring an additional 1,048 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Valero Energy were worth $1,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy during the 3rd quarter worth about $28,000. Compagnie Lombard Odier SCmA purchased a new position in Valero Energy during the third quarter worth about $34,000. True Wealth Design LLC increased its position in shares of Valero Energy by 196.8% during the third 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 during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Valero Energy in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho dropped their price objective 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. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 1.3 %

Shares of NYSE:VLO opened at $141.21 on Tuesday. The company has a market cap of $44.70 billion, a PE ratio of 12.66, a P/E/G ratio of 2.88 and a beta of 1.42. The company’s 50 day moving average is $131.25 and its two-hundred day moving average is $138.20. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.49 earnings per share. Equities analysts predict that Valero Energy Co. will post 7.93 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.20%. Valero Energy’s payout ratio is presently 38.39%.

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.