Valero Energy Co. (NYSE:VLO) Shares Bought by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,271 shares of the oil and gas company’s stock after purchasing an additional 12,346 shares during the period. Valero Energy comprises 2.0% of Recurrent Investment Advisors LLC’s holdings, making the stock its 19th biggest holding. Recurrent Investment Advisors LLC owned about 0.06% of Valero Energy worth $21,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. New Wave Wealth Advisors LLC purchased a new position in shares of Valero Energy during the fourth quarter valued at $25,000. Tobam acquired a new stake in Valero Energy in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management bought a new stake in Valero Energy in the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC raised its position in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 183 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group cut their price objective on Valero Energy from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Raymond James reduced their target price on shares of Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler lowered their price target on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $151.93.

Valero Energy Trading Down 0.5%

Shares of NYSE:VLO opened at $134.44 on Thursday. The firm has a market cap of $42.11 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78. The company’s fifty day simple moving average is $120.66 and its 200 day simple moving average is $128.49. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter last year, the firm earned $3.82 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.36%. Valero Energy’s dividend payout ratio (DPR) is presently 159.72%.

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.