Valero Energy Co. (NYSE:VLO) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in shares of Valero Energy Co. (NYSE:VLO) by 64.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,879 shares of the oil and gas company’s stock after purchasing an additional 1,920 shares during the quarter. Perigon Wealth Management LLC’s holdings in Valero Energy were worth $598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Valero Energy by 4.8% during the second quarter. Cetera Investment Advisers now owns 116,120 shares of the oil and gas company’s stock worth $18,203,000 after buying an additional 5,295 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at $763,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Valero Energy by 269.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 63,095 shares of the oil and gas company’s stock worth $9,891,000 after acquiring an additional 46,033 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of Valero Energy by 508.3% in the 2nd quarter. Anchor Investment Management LLC now owns 10,450 shares of the oil and gas company’s stock worth $1,638,000 after acquiring an additional 8,732 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Valero Energy during the second quarter worth $76,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday. Bank of America assumed coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets cut their target price on shares of 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Trading Down 1.9 %

Shares of NYSE:VLO opened at $132.85 on Friday. 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 capitalization of $42.06 billion, a PE ratio of 11.91, a P/E/G ratio of 2.81 and a beta of 1.42. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The firm has a fifty day moving average price of $130.99 and a 200 day moving average price of $137.71.

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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Analysts expect 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 will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a dividend of $1.13 per share. 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 3.40%. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio is currently 38.39%.

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.