Moseley Investment Management Inc. Increases Stake in Valero Energy Co. (NYSE:VLO)

Moseley Investment Management Inc. grew its position in Valero Energy Co. (NYSE:VLO) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,089 shares of the oil and gas company’s stock after purchasing an additional 446 shares during the quarter. Moseley Investment Management Inc.’s holdings in Valero Energy were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quad Cities Investment Group LLC raised its holdings in Valero Energy by 1.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after acquiring an additional 75 shares during the last quarter. Providence Wealth Advisors LLC raised its stake in shares of Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after purchasing an additional 75 shares during the last quarter. New Century Financial Group LLC lifted its holdings in shares of Valero Energy by 5.0% during the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 81 shares in the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Valero Energy by 4.7% during the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 82 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in Valero Energy by 6.4% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,420 shares of the oil and gas company’s stock worth $192,000 after buying an additional 85 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLO. Scotiabank lowered their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Mizuho decreased their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, BMO Capital Markets dropped their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. 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. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $154.57.

Valero Energy Stock Up 0.6 %

NYSE VLO opened at $134.18 on Wednesday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $42.48 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The stock’s 50-day moving average price is $131.10 and its 200-day moving average price is $138.59.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for 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 firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $7.49 EPS. On average, equities research analysts predict that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were paid a $1.07 dividend. 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 3.19%. Valero Energy’s payout ratio is presently 38.39%.

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.