Bogart Wealth LLC Acquires 100 Shares of Valero Energy Co. (NYSE:VLO)

Bogart Wealth LLC boosted its holdings in Valero Energy Co. (NYSE:VLO) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,027 shares of the oil and gas company’s stock after purchasing an additional 100 shares during the quarter. Bogart Wealth LLC’s holdings in Valero Energy were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Valero Energy by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after purchasing an additional 50,837 shares during the period. Franklin Resources Inc. boosted its stake in Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after purchasing an additional 247,630 shares during the period. Pacer Advisors Inc. boosted its stake in Valero Energy by 13.6% in the 4th quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company’s stock worth $499,210,000 after purchasing an additional 487,022 shares during the period. Wellington Management Group LLP boosted its stake in Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after purchasing an additional 2,793,607 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Valero Energy by 6.3% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock valued at $342,090,000 after acquiring an additional 151,200 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VLO has been the subject of a number of research reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Citigroup lowered their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Barclays lowered their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Stock Performance

VLO stock opened at $135.49 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $130.47 and its two-hundred day simple moving average is $136.67. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 2.85 and a beta of 1.42.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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 predict that Valero Energy Co. will post 7.86 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.34%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is currently 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.