361 Shares in Valero Energy Co. (NYSE:VLO) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC purchased a new position in Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 361 shares of the oil and gas company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Valero Energy during the third quarter valued at $134,000. Citizens Financial Group Inc. RI increased its holdings in shares of Valero Energy by 18.0% in the third quarter. Citizens Financial Group Inc. RI now owns 3,194 shares of the oil and gas company’s stock worth $431,000 after purchasing an additional 488 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Valero Energy by 9.5% in the third quarter. Raymond James Trust N.A. now owns 14,747 shares of the oil and gas company’s stock worth $1,991,000 after buying an additional 1,285 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Valero Energy by 4.5% in the third quarter. Great Valley Advisor Group Inc. now owns 10,335 shares of the oil and gas company’s stock worth $1,395,000 after buying an additional 446 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Valero Energy by 34.6% during the 3rd quarter. Cerity Partners LLC now owns 110,660 shares of the oil and gas company’s stock valued at $14,942,000 after buying an additional 28,441 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Mizuho reduced their target price 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, Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.08.

Valero Energy Stock Down 2.5 %

Shares of NYSE:VLO opened at $131.42 on Monday. The firm has a market capitalization of $41.39 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The business has a 50 day simple moving average of $133.96 and a two-hundred day simple moving average of $133.38. Valero Energy Co. has a 1 year low of $116.84 and a 1 year 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.

Valero Energy (NYSE:VLO) last posted 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%. On average, equities analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.44%. Valero Energy’s dividend payout ratio 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.