Dynamic Advisor Solutions LLC Buys 80 Shares of Valero Energy Co. (NYSE:VLO)

Posted by on Mar 24th, 2023

Dynamic Advisor Solutions LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO – Get Rating) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,406 shares of the oil and gas company’s stock after purchasing an additional 80 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Valero Energy were worth $686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky lifted its position in Valero Energy by 150.0% during the fourth quarter. Independence Bank of Kentucky now owns 250 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in Valero Energy by 2,470.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 257 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 247 shares during the period. HighMark Wealth Management LLC increased its holdings in Valero Energy by 60.6% during the third quarter. HighMark Wealth Management LLC now owns 265 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Valero Energy during the third quarter valued at approximately $31,000. Finally, Ronald Blue Trust Inc. increased its holdings in Valero Energy by 56.3% during the third quarter. Ronald Blue Trust Inc. now owns 322 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 116 shares during the last quarter. Institutional investors own 79.28% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $130.38 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.38. The firm has a fifty day moving average price of $135.22 and a 200 day moving average price of $126.66. Valero Energy Co. has a fifty-two week low of $93.65 and a fifty-two week high of $150.39. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 4.48, a P/E/G ratio of 0.90 and a beta of 1.65.

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

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Tuesday, February 14th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $4.08 annualized dividend and a yield of 3.13%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.98. Valero Energy’s dividend payout ratio (DPR) is 14.01%.

Analyst Ratings Changes

A number of brokerages have commented on VLO. Piper Sandler reduced their target price on shares of Valero Energy from $177.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Wells Fargo & Company upped their target price on shares of Valero Energy from $140.00 to $160.00 in a report on Friday, January 27th. Royal Bank of Canada upped their target price on shares of Valero Energy from $156.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Barclays upped their target price on shares of Valero Energy from $151.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Valero Energy from $111.00 to $126.00 and gave the stock a “sell” rating in a research note on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.38.

About Valero Energy

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.