MGB Wealth Management LLC Has $1.17 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

MGB Wealth Management LLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 9,575 shares of the oil and gas company’s stock after selling 160 shares during the period. MGB Wealth Management LLC’s holdings in Valero Energy were worth $1,172,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy during the 4th quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy during the third quarter worth $28,000. Tobam bought a new stake in Valero Energy in the fourth quarter valued at about $30,000. True Wealth Design LLC lifted its stake in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Valero Energy during the 3rd quarter worth about $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 4.3 %

Valero Energy stock opened at $130.95 on Thursday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $41.46 billion, a PE ratio of 15.44, a P/E/G ratio of 2.85 and a beta of 1.42. The company’s 50-day moving average is $130.58 and its 200-day moving average is $136.75.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.45%. 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 payout ratio is 53.30%.

Analysts Set New Price Targets

A number of analysts recently commented on VLO shares. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Bank of America began coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. Mizuho lowered 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. Finally, TD Cowen cut their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.46.

About Valero Energy

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.