Sendero Wealth Management LLC Invests $2.23 Million in Valero Energy Co. (NYSE:VLO)

Sendero Wealth Management LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 18,198 shares of the oil and gas company’s stock, valued at approximately $2,231,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy during the 3rd quarter worth approximately $28,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the third quarter worth approximately $34,000. True Wealth Design LLC increased its holdings in shares of Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after buying an additional 183 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Valero Energy in the third quarter worth $50,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 3.0 %

NYSE:VLO opened at $138.10 on Thursday. 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 Co. has a 12-month low of $116.84 and a 12-month high of $184.79. The firm has a market capitalization of $43.72 billion, a P/E ratio of 12.39, a P/E/G ratio of 2.43 and a beta of 1.42. The stock’s fifty day simple moving average is $131.10 and its 200-day simple moving average is $138.59.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.49 earnings per share. Equities research analysts expect that Valero Energy Co. will post 7.96 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.10%. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VLO. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Bank of America began coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. Wells Fargo & Company lowered their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

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.