Banco de Sabadell S.A Has $1.92 Million Position in Valero Energy Co. (NYSE:VLO)

Banco de Sabadell S.A lifted its stake in Valero Energy Co. (NYSE:VLO) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,671 shares of the oil and gas company’s stock after purchasing an additional 192 shares during the period. Banco de Sabadell S.A’s holdings in Valero Energy were worth $1,922,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VLO. New Wave Wealth Advisors LLC bought a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam bought a new stake in shares of Valero Energy in the 4th quarter valued at about $30,000. True Wealth Design LLC raised its position in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares during the period. OFI Invest Asset Management bought a new position in Valero Energy during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $38,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VLO shares. Wells Fargo & Company reduced their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Piper Sandler cut their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $156.08.

Valero Energy Price Performance

NYSE VLO opened at $131.42 on Friday. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79. The firm’s 50 day moving average is $133.96 and its 200-day moving average is $133.43. The company 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 company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. 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 annualized dividend and a yield of 3.44%. Valero Energy’s dividend payout ratio is 53.30%.

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.