Fiduciary Alliance LLC Buys 376 Shares of Valero Energy Co. (NYSE:VLO)

Fiduciary Alliance LLC raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,044 shares of the oil and gas company’s stock after purchasing an additional 376 shares during the period. Fiduciary Alliance LLC’s holdings in Valero Energy were worth $373,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Valero Energy by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after acquiring an additional 50,837 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after purchasing an additional 192,397 shares during the period. Franklin Resources Inc. increased its stake in shares of Valero Energy by 5.6% in the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after purchasing an additional 247,630 shares during the period. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after purchasing an additional 2,793,607 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. TD Cowen decreased their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Scotiabank cut their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One investment 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Valero Energy Price Performance

Valero Energy stock opened at $134.18 on Wednesday. The business has a 50 day simple moving average of $131.10 and a 200 day simple moving average of $138.59. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The company has a market capitalization of $42.48 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

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

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

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.