Mosley Wealth Management Takes Position in Valero Energy Co. (NYSE:VLO)

Mosley Wealth Management acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,764 shares of the oil and gas company’s stock, valued at approximately $216,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC boosted its position in shares of Valero Energy by 0.9% during 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 buying an additional 75 shares during the period. Segment Wealth Management LLC lifted its stake in Valero Energy by 1.7% during the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after acquiring an additional 81 shares in the last quarter. Silver Coast Investments LLC boosted its holdings in Valero Energy by 1.7% during the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. grew its position in Valero Energy by 2.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after acquiring an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VLO. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Mizuho cut their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock 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, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy Trading Down 2.5 %

Shares of Valero Energy stock opened at $131.42 on Friday. The company has a fifty day simple moving average of $133.96 and a 200-day simple moving average of $133.43. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79. 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 stock has a market cap of $41.39 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts forecast that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.44%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is currently 53.30%.

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.