Perigon Wealth Management LLC Buys 470 Shares of Valero Energy Co. (NYSE:VLO)

Perigon Wealth Management LLC raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 21.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,713 shares of the oil and gas company’s stock after acquiring an additional 470 shares during the period. Perigon Wealth Management LLC’s holdings in Valero Energy were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VLO. Blair William & Co. IL grew its holdings in Valero Energy by 1.9% during the 1st quarter. Blair William & Co. IL now owns 33,427 shares of the oil and gas company’s stock valued at $3,394,000 after buying an additional 632 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Valero Energy by 21.7% in the first quarter. Sei Investments Co. now owns 100,006 shares of the oil and gas company’s stock valued at $10,163,000 after purchasing an additional 17,844 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Valero Energy by 12.5% in the first quarter. Canada Pension Plan Investment Board now owns 60,730 shares of the oil and gas company’s stock worth $6,167,000 after purchasing an additional 6,735 shares during the last quarter. Prudential PLC purchased a new stake in Valero Energy during the first quarter valued at $1,253,000. Finally, Moors & Cabot Inc. raised its stake in Valero Energy by 21.0% during the first quarter. Moors & Cabot Inc. now owns 6,780 shares of the oil and gas company’s stock valued at $688,000 after purchasing an additional 1,179 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VLO shares. Piper Sandler upped their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group upped their price target on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Barclays upped their price target on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Scotiabank upped their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, UBS Group upped their price target on shares of 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 issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $172.40.

Valero Energy Trading Down 1.0 %

Shares of VLO opened at $169.00 on Wednesday. The company has a market cap of $56.19 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.65 and a beta of 1.54. Valero Energy Co. has a twelve month low of $104.18 and a twelve month high of $184.79. The company’s fifty day simple moving average is $157.18 and its 200-day simple moving average is $138.75. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $8.45 EPS. As a group, analysts expect that Valero Energy Co. will post 17.25 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Valero Energy’s previous quarterly dividend of $1.02. Valero Energy’s dividend payout ratio (DPR) is currently 17.31%.

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.