Adams Asset Advisors LLC Increases Stake in Valero Energy Co. (NYSE:VLO)

Adams Asset Advisors LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,703 shares of the oil and gas company’s stock after purchasing an additional 587 shares during the period. Valero Energy makes up about 1.1% of Adams Asset Advisors LLC’s portfolio, making the stock its 28th biggest position. Adams Asset Advisors LLC’s holdings in Valero Energy were worth $8,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Main Street Financial Solutions LLC raised its position in Valero Energy by 5.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,356 shares of the oil and gas company’s stock worth $213,000 after buying an additional 73 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Valero Energy by 17.4% during the second quarter. HBK Sorce Advisory LLC now owns 2,867 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 424 shares during the period. 1ST Source Bank lifted its position in Valero Energy by 55.6% during the second quarter. 1ST Source Bank now owns 4,151 shares of the oil and gas company’s stock valued at $651,000 after purchasing an additional 1,483 shares during the period. Parallel Advisors LLC boosted its holdings in Valero Energy by 5.7% in the second quarter. Parallel Advisors LLC now owns 3,786 shares of the oil and gas company’s stock valued at $594,000 after purchasing an additional 203 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Valero Energy by 1,795.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,193 shares of the oil and gas company’s stock worth $3,949,000 after purchasing an additional 23,864 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VLO. Wells Fargo & Company lowered their target price on Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Scotiabank lowered their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho lowered their price objective 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. Bank of America began coverage on Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Price Performance

Shares of VLO stock traded up $6.57 during trading hours on Monday, reaching $133.72. The company had a trading volume of 3,260,184 shares, compared to its average volume of 2,492,916. 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 stock has a fifty day moving average of $130.99 and a 200-day moving average of $138.89. The company has a market capitalization of $42.33 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79.

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

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

Valero Energy Company 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.