Sanctuary Advisors LLC Sells 253 Shares of Valero Energy Co. (NYSE:VLO)

Sanctuary Advisors LLC cut its position in Valero Energy Co. (NYSE:VLO) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,198 shares of the oil and gas company’s stock after selling 253 shares during the period. Sanctuary Advisors LLC’s holdings in Valero Energy were worth $17,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Valero Energy during the 4th quarter valued at approximately $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy in the third quarter worth approximately $28,000. Tobam purchased a new stake in Valero Energy in the fourth quarter worth $30,000. True Wealth Design LLC lifted its holdings in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Valero Energy during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho lowered their price target 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. TD Cowen cut their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Stock Up 3.4 %

Shares of NYSE VLO opened at $135.49 on Tuesday. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42. The company’s 50-day simple moving average is $130.55 and its 200-day simple moving average is $136.15. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts predict that Valero Energy Co. will post 7.86 EPS for the current fiscal year.

Valero Energy Increases Dividend

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