Monument Capital Management Sells 231 Shares of Valero Energy Co. (NYSE:VLO)

Monument Capital Management lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,564 shares of the oil and gas company’s stock after selling 231 shares during the quarter. Monument Capital Management’s holdings in Valero Energy were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy in the 4th quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy during the 3rd quarter valued at approximately $28,000. Tobam bought a new position in shares of Valero Energy during the 4th quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in Valero Energy by 196.8% in the third 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. Finally, Harbor Capital Advisors Inc. bought a new stake in Valero Energy in the third quarter worth $38,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on VLO shares. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Citigroup cut their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays cut their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. TD Cowen lowered their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.46.

Valero Energy Stock Up 3.4 %

VLO opened at $135.49 on Monday. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The company has a market cap 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 business’s fifty day moving average is $130.55 and its two-hundred day moving average is $136.33. 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 released 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 9.58% and a net margin of 2.13%. Analysts anticipate that Valero Energy Co. will post 7.86 EPS 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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is 53.30%.

Valero Energy 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.