Daner Wealth Management LLC Invests $410,000 in Valero Energy Co. (NYSE:VLO)

Daner Wealth Management LLC bought a new position in Valero Energy Co. (NYSE:VLO) during the fourth quarter, Holdings Channel reports. The firm bought 3,030 shares of the oil and gas company’s stock, valued at approximately $410,000.

A number of other hedge funds have also recently modified their holdings of the stock. Horizon Advisory Services Inc. boosted its stake in shares of Valero Energy by 7.6% in the fourth quarter. Horizon Advisory Services Inc. now owns 2,116 shares of the oil and gas company’s stock worth $259,000 after buying an additional 149 shares during the last quarter. BankPlus Trust Department acquired a new position in Valero Energy in the 4th quarter worth about $1,613,000. Skylands Capital LLC acquired a new position in Valero Energy in the 4th quarter worth about $2,151,000. Union Bancaire Privee UBP SA acquired a new position in Valero Energy in the 4th quarter worth about $145,000. Finally, Howard Capital Management Inc. raised its holdings in Valero Energy by 2.6% in the 4th quarter. Howard Capital Management Inc. now owns 28,032 shares of the oil and gas company’s stock worth $3,436,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $133.62 on Wednesday. The business’s 50 day moving average price is $131.44 and its 200 day moving average price is $135.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, research analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a dividend of $1.13 per share. 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. This represents a $4.52 annualized dividend and a yield of 3.38%. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

Analysts Set New Price Targets

VLO has been the subject of a number of analyst reports. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Wells Fargo & Company reduced their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. 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. Finally, Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.46.

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.