Adell Harriman & Carpenter Inc. Decreases Stock Position in Valero Energy Co. (NYSE:VLO)

Adell Harriman & Carpenter Inc. reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,603 shares of the oil and gas company’s stock after selling 875 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy were worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. V Square Quantitative Management LLC lifted its stake in Valero Energy by 7.5% in the 4th quarter. V Square Quantitative Management LLC now owns 7,286 shares of the oil and gas company’s stock valued at $893,000 after buying an additional 508 shares in the last quarter. First Merchants Corp raised its holdings in shares of Valero Energy by 5.7% in the fourth quarter. First Merchants Corp now owns 17,691 shares of the oil and gas company’s stock worth $2,169,000 after acquiring an additional 950 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Valero Energy by 13.4% in the fourth quarter. Vontobel Holding Ltd. now owns 11,529 shares of the oil and gas company’s stock valued at $1,413,000 after acquiring an additional 1,359 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Valero Energy by 10.8% during the fourth quarter. Bogart Wealth LLC now owns 1,027 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 100 shares during the last quarter. Finally, IMS Capital Management purchased a new stake in Valero Energy during the 4th quarter worth about $266,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VLO. Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Barclays decreased 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. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Citigroup decreased their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Trading Up 3.4 %

NYSE VLO opened at $135.49 on Friday. The firm has a market capitalization of $42.89 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 2.85 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 Co. has a one year low of $116.84 and a one year high of $184.79. The company’s 50 day moving average price is $130.47 and its 200 day moving average price is $136.67.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts predict that Valero Energy Co. will post 7.86 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a $1.13 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.34%. Valero Energy’s dividend payout ratio is presently 53.30%.

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.