Collective Family Office LLC Purchases 1,235 Shares of Valero Energy Co. (NYSE:VLO)

Collective Family Office LLC lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,272 shares of the oil and gas company’s stock after purchasing an additional 1,235 shares during the period. Collective Family Office LLC’s holdings in Valero Energy were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fortem Financial Group LLC raised its position in Valero Energy by 4.0% in the 4th quarter. Fortem Financial Group LLC now owns 10,998 shares of the oil and gas company’s stock valued at $1,348,000 after buying an additional 426 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Valero Energy by 18.1% in the fourth quarter. Versant Capital Management Inc now owns 1,521 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 233 shares in the last quarter. Independent Solutions Wealth Management LLC lifted its stake in shares of Valero Energy by 2.1% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 13,258 shares of the oil and gas company’s stock valued at $1,790,000 after buying an additional 273 shares in the last quarter. Principal Financial Group Inc. grew its stake in Valero Energy by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company’s stock valued at $49,752,000 after buying an additional 3,065 shares in the last quarter. Finally, 1ST Source Bank boosted its holdings in shares of Valero Energy by 3.3% in the third quarter. 1ST Source Bank now owns 4,286 shares of the oil and gas company’s stock worth $579,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 0.3 %

VLO traded down $0.38 during trading on Wednesday, hitting $123.61. 582,246 shares of the stock were exchanged, compared to its average volume of 1,907,440. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a 50 day simple moving average of $131.17 and a 200 day simple moving average of $139.46. The firm has a market cap of $39.13 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 2.43 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.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the previous year, the firm earned $7.49 earnings per share. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, equities analysts expect that Valero Energy Co. will post 8.86 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were issued a $1.07 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.46%. Valero Energy’s dividend payout ratio is presently 38.39%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VLO shares. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Cowen lowered their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup cut their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America began coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.57.

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.