Waterway Wealth Management LLC purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,631 shares of the oil and gas company’s stock, valued at approximately $428,000.
A number of other institutional investors have also made changes to their positions in the stock. Beacon Investment Advisory Services Inc. boosted its stake in shares of Valero Energy by 33.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after purchasing an additional 10,634 shares during the period. Barclays PLC boosted its stake in shares of Valero Energy by 5.3% in the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after purchasing an additional 209,597 shares during the period. Friedenthal Financial purchased a new position in shares of Valero Energy in the fourth quarter valued at approximately $954,000. CWA Asset Management Group LLC boosted its stake in shares of Valero Energy by 359.0% in the fourth quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock valued at $2,319,000 after purchasing an additional 11,140 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Valero Energy in the third quarter valued at approximately $3,249,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Stock Down 1.1%
Shares of Valero Energy stock opened at $244.49 on Wednesday. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $265.61. The company has a 50 day moving average of $245.58 and a 200 day moving average of $213.82. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $72.60 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.35 and a beta of 0.55.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Valero Energy’s payout ratio is currently 34.88%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on VLO shares. Wells Fargo & Company raised their price objective on shares of Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. UBS Group reissued a “buy” rating and issued a $280.00 price objective on shares of Valero Energy in a research note on Thursday, June 11th. Scotiabank raised their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research reissued an “underperform” rating and issued a $203.00 price objective on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $245.59.
Get Our Latest Stock Report on Valero Energy
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.
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