Claro Advisors LLC Takes $398,000 Position in Valero Energy Co. (NYSE:VLO)

Claro Advisors LLC acquired a new position in Valero Energy Co. (NYSE:VLOFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,061 shares of the oil and gas company’s stock, valued at approximately $398,000.

Other large investors have also bought and sold shares of the company. Miller Howard Investments Inc. NY increased its holdings in shares of Valero Energy by 0.5% in the third quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock valued at $2,357,000 after buying an additional 79 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Valero Energy by 1.6% during the third quarter. Rosenberg Matthew Hamilton now owns 5,146 shares of the oil and gas company’s stock valued at $729,000 after purchasing an additional 80 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Valero Energy by 0.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 81 shares during the period. Fulcrum Equity Management increased its stake in Valero Energy by 1.0% in the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock worth $1,145,000 after purchasing an additional 86 shares in the last quarter. Finally, McIlrath & Eck LLC raised its holdings in Valero Energy by 40.3% during the 3rd quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock worth $43,000 after buying an additional 87 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $172.64 on Tuesday. The company has a 50 day moving average price of $147.52 and a two-hundred day moving average price of $136.05. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $173.07. The stock has a market capitalization of $57.40 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. During the same period in the prior year, the company posted $8.45 earnings per share. Valero Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. As a group, equities analysts predict that Valero Energy Co. will post 16.2 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were issued a $1.07 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, January 31st. Valero Energy’s payout ratio is 17.31%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Valero Energy from $146.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wells Fargo & Company boosted their target price on shares of Valero Energy from $138.00 to $171.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Raymond James increased their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Finally, UBS Group lifted their target price on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Read Our Latest Stock Report on Valero Energy

Valero Energy Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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