Accredited Wealth Management LLC Has $624,000 Holdings in Valero Energy Corporation $VLO

Accredited Wealth Management LLC boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 3,565.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,665 shares of the oil and gas company’s stock after buying an additional 3,565 shares during the period. Accredited Wealth Management LLC’s holdings in Valero Energy were worth $624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC boosted its position in shares of Valero Energy by 70.2% during the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Hantz Financial Services Inc. raised its position in Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 230 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in Valero Energy during the third quarter worth $34,000. Cypress Capital Management LLC WY acquired a new stake in shares of Valero Energy in the 3rd quarter valued at $34,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 125 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho reissued a “neutral” rating and set a $192.00 price target (up from $190.00) on shares of Valero Energy in a report on Friday, December 12th. Morgan Stanley boosted their target price on Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 27th. Piper Sandler raised their price target on shares of Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Erste Group Bank initiated coverage on shares of Valero Energy in a report on Monday, November 10th. They set a “buy” rating on the stock. Finally, Argus upgraded shares of Valero Energy to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.67.

Valero Energy Stock Performance

NYSE:VLO opened at $204.49 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $206.77. The company has a 50 day simple moving average of $185.80 and a two-hundred day simple moving average of $171.70. The company has a market capitalization of $62.37 billion, a PE ratio of 26.77, a P/E/G ratio of 1.06 and a beta of 0.77.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a net margin of 1.91% and a return on equity of 12.34%. During the same period last year, the company posted $0.64 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, February 5th will be given a $1.20 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.80 annualized dividend and a dividend yield of 2.3%. Valero Energy’s dividend payout ratio is 62.83%.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.