Intrepid Financial Planning Group LLC Reduces Stock Position in Valero Energy Co. (NYSE:VLO)

Intrepid Financial Planning Group LLC lessened its holdings in Valero Energy Co. (NYSE:VLO) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,624 shares of the oil and gas company’s stock after selling 975 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Valero Energy were worth $322,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLO. Oppenheimer Asset Management Inc. boosted its stake in Valero Energy by 1.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,497 shares of the oil and gas company’s stock valued at $3,443,000 after acquiring an additional 304 shares in the last quarter. Plato Investment Management Ltd boosted its stake in Valero Energy by 16.6% in the third quarter. Plato Investment Management Ltd now owns 2,088 shares of the oil and gas company’s stock valued at $282,000 after acquiring an additional 298 shares in the last quarter. Metis Global Partners LLC boosted its stake in Valero Energy by 13.1% in the third quarter. Metis Global Partners LLC now owns 17,583 shares of the oil and gas company’s stock valued at $2,374,000 after acquiring an additional 2,036 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Valero Energy by 1.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,585 shares of the oil and gas company’s stock valued at $1,294,000 after acquiring an additional 146 shares in the last quarter. Finally, Lifeworks Advisors LLC boosted its stake in Valero Energy by 35.2% in the third quarter. Lifeworks Advisors LLC now owns 1,737 shares of the oil and gas company’s stock valued at $234,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 2.7 %

Shares of Valero Energy stock opened at $129.20 on Friday. 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 stock has a market cap of $40.70 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a 50-day moving average of $133.12 and a two-hundred day moving average of $133.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s payout ratio is currently 53.30%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy 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.