SageView Advisory Group LLC Has $308,000 Stock Position in Valero Energy Co. (NYSE:VLO)

SageView Advisory Group LLC increased its position in shares of Valero Energy Co. (NYSE:VLO) by 58.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,512 shares of the oil and gas company’s stock after acquiring an additional 928 shares during the quarter. SageView Advisory Group LLC’s holdings in Valero Energy were worth $308,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VLO. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy during the 4th quarter valued at $25,000. Tobam purchased a new position in shares of Valero Energy during the fourth quarter valued at $30,000. Golden State Wealth Management LLC acquired a new position in Valero Energy during the fourth quarter valued at $38,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the 4th quarter worth about $37,000. Finally, Creative Capital Management Investments LLC boosted its position in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLO shares. Scotiabank reduced their price target on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Raymond James lowered their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.46.

Valero Energy Stock Down 2.5 %

Shares of Valero Energy stock opened at $107.54 on Wednesday. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $171.23. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $126.85 and a two-hundred day moving average price of $131.35. The stock has a market capitalization of $33.87 billion, a P/E ratio of 12.68, a PEG ratio of 2.93 and a beta of 1.17.

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, topping 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 analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change 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 4.20%. Valero Energy’s payout ratio is presently 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.