NewSquare Capital LLC Has $4.41 Million Stock Position in Valero Energy Co. (NYSE:VLO)

NewSquare Capital LLC boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,440 shares of the oil and gas company’s stock after purchasing an additional 84 shares during the period. NewSquare Capital LLC’s holdings in Valero Energy were worth $4,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Providence Wealth Advisors LLC boosted its position in Valero Energy by 0.9% during the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after purchasing an additional 75 shares during the last quarter. Segment Wealth Management LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after purchasing an additional 83 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in Valero Energy by 6.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,420 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 85 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its position in Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $127.69 on Wednesday. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. 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 stock has a market capitalization of $40.42 billion, a PE ratio of 15.06, a P/E/G ratio of 2.93 and a beta of 1.42. The stock has a 50-day simple moving average of $132.43 and a 200 day simple moving average of $134.75.

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 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%. Research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a $1.13 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.54%. Valero Energy’s dividend payout ratio is 53.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VLO. Mizuho reduced their price objective 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. 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 research report on Friday, January 31st. Barclays reduced their price target 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. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.