Parsons Capital Management Inc. RI Has $660,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Parsons Capital Management Inc. RI decreased its holdings in Valero Energy Co. (NYSE:VLO) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,385 shares of the oil and gas company’s stock after selling 528 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Valero Energy were worth $660,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Valero Energy by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after purchasing an additional 50,837 shares in the last quarter. Franklin Resources Inc. lifted its stake in Valero Energy by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after acquiring an additional 247,630 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Valero Energy by 13.6% during the 4th quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company’s stock worth $499,210,000 after acquiring an additional 487,022 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after acquiring an additional 2,793,607 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Valero Energy by 6.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock valued at $342,090,000 after purchasing an additional 151,200 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VLO shares. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Barclays reduced their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Wells Fargo & Company reduced their price objective on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.54.

Valero Energy Trading Down 2.2 %

NYSE:VLO opened at $138.14 on Wednesday. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The stock’s fifty day moving average price is $131.23 and its two-hundred day moving average price is $137.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market cap of $43.73 billion, a P/E ratio of 12.39, a P/E/G ratio of 2.81 and a beta of 1.42.

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 3.27%. 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%.

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.