Valero Energy Co. (NYSE:VLO) Stock Holdings Lessened by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 2.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,336 shares of the oil and gas company’s stock after selling 180 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Valero Energy were worth $899,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms recently weighed in on VLO. Citigroup dropped 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. TD Cowen dropped their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Mizuho dropped their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, Barclays lowered their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $154.46.

Valero Energy Stock Performance

Shares of VLO opened at $136.76 on Tuesday. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The company has a 50-day moving average of $130.66 and a two-hundred day moving average of $137.05. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

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

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.30%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is presently 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.