Eads & Heald Wealth Management Has $595,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

Eads & Heald Wealth Management lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,856 shares of the oil and gas company’s stock after buying an additional 113 shares during the quarter. Eads & Heald Wealth Management’s holdings in Valero Energy were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Valero Energy by 212.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,813 shares of the oil and gas company’s stock worth $1,382,000 after purchasing an additional 5,994 shares in the last quarter. ProShare Advisors LLC grew its position in Valero Energy by 10.8% during the second quarter. ProShare Advisors LLC now owns 68,324 shares of the oil and gas company’s stock worth $10,710,000 after buying an additional 6,638 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Valero Energy by 456.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,356 shares of the oil and gas company’s stock worth $526,000 after acquiring an additional 2,753 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Valero Energy by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 56,947 shares of the oil and gas company’s stock valued at $8,927,000 after acquiring an additional 459 shares during the period. Finally, Xponance Inc. grew its holdings in shares of Valero Energy by 3.1% during the 2nd quarter. Xponance Inc. now owns 67,807 shares of the oil and gas company’s stock worth $10,629,000 after purchasing an additional 2,070 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 1.1 %

NYSE VLO opened at $139.50 on Wednesday. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $44.16 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. The business’s 50-day moving average price is $131.31 and its two-hundred day moving average price is $138.08.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share 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 the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.49 EPS. On average, analysts expect that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.24%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is 38.39%.

Analysts Set New Price Targets

A number of research firms recently commented on VLO. Mizuho dropped their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. BMO Capital Markets cut their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Scotiabank decreased their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.