PBMares Wealth Management LLC Sells 290 Shares of Valero Energy Co. (NYSE:VLO)

PBMares Wealth Management LLC cut its position in shares of Valero Energy Co. (NYSE:VLO) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,832 shares of the oil and gas company’s stock after selling 290 shares during the period. PBMares Wealth Management LLC’s holdings in Valero Energy were worth $470,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA acquired a new stake in Valero Energy during the 3rd quarter worth approximately $34,000. True Wealth Design LLC boosted its stake in 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 purchasing an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in Valero Energy in the 3rd quarter valued at $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Scotiabank cut their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $154.46.

Valero Energy Trading Down 1.9 %

NYSE:VLO opened at $132.85 on Friday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The firm’s fifty day moving average is $130.83 and its 200-day moving average is $137.60. The firm has a market cap of $42.06 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

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 for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. 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 declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.40%. Valero Energy’s payout ratio is 38.39%.

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.