Arbor Capital Management Inc. ADV Has $1.81 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Arbor Capital Management Inc. ADV cut its position in Valero Energy Co. (NYSE:VLO) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,754 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Valero Energy accounts for 1.8% of Arbor Capital Management Inc. ADV’s portfolio, making the stock its 18th biggest holding. Arbor Capital Management Inc. ADV’s holdings in Valero Energy were worth $1,809,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its position in Valero Energy by 21.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company’s stock valued at $904,000 after acquiring an additional 1,192 shares in the last quarter. CIBC Asset Management Inc lifted its position in Valero Energy by 5.1% in the 3rd quarter. CIBC Asset Management Inc now owns 59,216 shares of the oil and gas company’s stock valued at $7,996,000 after acquiring an additional 2,887 shares in the last quarter. Natixis Advisors LLC lifted its position in Valero Energy by 9.0% in the 3rd quarter. Natixis Advisors LLC now owns 176,431 shares of the oil and gas company’s stock valued at $23,823,000 after acquiring an additional 14,616 shares in the last quarter. Sather Financial Group Inc bought a new position in Valero Energy in the 3rd quarter valued at about $431,000. Finally, GoalVest Advisory LLC lifted its position in Valero Energy by 7.7% in the 3rd quarter. GoalVest Advisory LLC now owns 7,024 shares of the oil and gas company’s stock valued at $948,000 after acquiring an additional 504 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 2.7 %

Valero Energy stock opened at $129.20 on Monday. The firm has a 50 day simple moving average of $133.12 and a 200 day simple moving average of $133.74. The firm has a market capitalization of $40.70 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

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

Analysts Set New Price Targets

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

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.