Capital Planning Advisors LLC Buys 114 Shares of Valero Energy Co. (NYSE:VLO)

Capital Planning Advisors LLC boosted its position in Valero Energy Co. (NYSE:VLO) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,526 shares of the oil and gas company’s stock after acquiring an additional 114 shares during the quarter. Capital Planning Advisors LLC’s holdings in Valero Energy were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the third quarter worth $34,000. True Wealth Design LLC lifted its stake in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Valero Energy during the third quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Valero Energy in the 3rd quarter worth about $50,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $135.00 on Thursday. The firm has a market capitalization of $42.74 billion, a PE ratio of 12.11, a P/E/G ratio of 2.90 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $131.27 and a two-hundred day moving average price of $137.96. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last issued its 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 for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.49 EPS. Equities analysts forecast that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.35%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

Analyst Ratings Changes

A number of analysts have commented on VLO shares. Mizuho decreased their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Scotiabank lowered their price target on 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. Bank of America assumed coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Barclays lowered their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.