Mitchell & Pahl Private Wealth LLC Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 8.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,185 shares of the oil and gas company’s stock after purchasing an additional 1,048 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Valero Energy were worth $1,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at $28,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Valero Energy in the third quarter worth about $34,000. True Wealth Design LLC boosted its stake 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 acquiring an additional 183 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Valero Energy during the 3rd quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Valero Energy in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 1.3 %

VLO stock opened at $141.21 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $131.25 and a two-hundred day moving average of $138.20. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a market cap of $44.70 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.88 and a beta of 1.42.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $7.49 earnings per share. As a group, analysts forecast that Valero Energy Co. will post 7.93 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is currently 38.39%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen lowered their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.