Orleans Capital Management Corp LA Sells 710 Shares of Valero Energy Co. (NYSE:VLO)

Orleans Capital Management Corp LA decreased its position in Valero Energy Co. (NYSE:VLO) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,220 shares of the oil and gas company’s stock after selling 710 shares during the quarter. Orleans Capital Management Corp LA’s holdings in Valero Energy were worth $1,743,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. World Investment Advisors increased its position in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock worth $530,000 after buying an additional 78 shares during the period. Segment Wealth Management LLC increased its position in Valero Energy by 1.7% during the fourth 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 during the period. Silver Coast Investments LLC raised its stake in Valero Energy by 1.7% in the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock worth $622,000 after purchasing an additional 83 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings 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 purchasing an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in shares of Valero Energy by 6.6% during the 4th 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 in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho cut their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.67.

Valero Energy Stock Performance

NYSE VLO opened at $114.41 on Friday. The firm’s fifty day moving average price is $132.64 and its two-hundred day moving average price is $133.17. The stock has a market cap of $36.04 billion, a PE ratio of 13.49, a PEG ratio of 2.93 and a beta of 1.36. 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 fifty-two week low of $112.76 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data 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%. On average, equities analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.95%. Valero Energy’s dividend payout ratio (DPR) is currently 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.