Flagship Harbor Advisors LLC Buys 981 Shares of Valero Energy Co. (NYSE:VLO)

Posted by Defense World Staff on Mar 23rd, 2023

Flagship Harbor Advisors LLC raised its holdings in Valero Energy Co. (NYSE:VLO – Get Rating) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,617 shares of the oil and gas company’s stock after purchasing an additional 981 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Valero Energy were worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its position in Valero Energy by 3.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 78 shares during the last quarter. OneAscent Wealth Management LLC raised its position in Valero Energy by 2.7% in the 3rd quarter. OneAscent Wealth Management LLC now owns 3,318 shares of the oil and gas company’s stock valued at $355,000 after purchasing an additional 86 shares during the last quarter. First National Corp MA ADV raised its position in Valero Energy by 2.2% in the 3rd quarter. First National Corp MA ADV now owns 4,328 shares of the oil and gas company’s stock valued at $462,000 after purchasing an additional 92 shares during the last quarter. Blair William & Co. IL raised its position in Valero Energy by 0.3% in the 3rd quarter. Blair William & Co. IL now owns 31,315 shares of the oil and gas company’s stock valued at $3,346,000 after purchasing an additional 94 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in Valero Energy by 4.5% in the 3rd quarter. Leavell Investment Management Inc. now owns 2,306 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 79.28% of the company’s stock.

Valero Energy Stock Down 0.3 %

Shares of Valero Energy stock opened at $131.77 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a 12 month low of $93.65 and a 12 month high of $150.39. The business has a fifty day simple moving average of $135.32 and a 200 day simple moving average of $126.64. The stock has a market cap of $48.91 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.65.

Valero Energy (NYSE:VLO – Get Rating) last posted its earnings results on Thursday, January 26th. The oil and gas company reported $8.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.45 by $1.00. Valero Energy had a return on equity of 50.15% and a net margin of 6.54%. The firm had revenue of $41.75 billion during the quarter, compared to analysts’ expectations of $43.31 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. Research analysts predict that Valero Energy Co. will post 24.37 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Tuesday, February 14th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.10%. This is a boost from Valero Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 13th. Valero Energy’s payout ratio is presently 14.01%.

Wall Street Analyst Weigh In

VLO has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Valero Energy from $156.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. Morgan Stanley boosted their target price on Valero Energy from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 20th. Raymond James boosted their target price on Valero Energy from $169.00 to $174.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 30th. UBS Group began coverage on Valero Energy in a research report on Wednesday, March 8th. They set a “buy” rating and a $176.00 target price for the company. Finally, Mizuho boosted their target price on Valero Energy from $157.00 to $170.00 in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.

Valero Energy Company Profile

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.