Newbridge Financial Services Group Inc. Trims Stake in Valero Energy Co. (NYSE:VLO)

Newbridge Financial Services Group Inc. cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,219 shares of the oil and gas company’s stock after selling 183 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Valero Energy were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. Quad Cities Investment Group LLC lifted its holdings in shares of Valero Energy by 1.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock valued at $655,000 after buying an additional 75 shares during the period. Providence Wealth Advisors LLC raised its position in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after acquiring an additional 75 shares in the last quarter. New Century Financial Group LLC lifted its holdings in Valero Energy by 5.0% in the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 81 shares during the period. Segment Wealth Management LLC boosted its position in shares of Valero Energy by 1.7% during the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after purchasing an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its stake in shares of Valero Energy by 4.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 82 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America began coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.46.

Valero Energy Trading Down 0.9 %

Shares of Valero Energy stock opened at $133.05 on Friday. The firm has a market cap of $42.12 billion, a PE ratio of 15.69, a P/E/G ratio of 2.85 and a beta of 1.42. 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 Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The business’s fifty day moving average is $130.66 and its two-hundred day moving average is $137.20.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Analysts anticipate that Valero Energy Co. will post 7.86 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.40%. Valero Energy’s dividend payout ratio is 53.30%.

Valero Energy Company 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.