Boundary Creek Advisors LP Purchases Shares of 90,000 Valero Energy Co. (NYSE:VLO)

Boundary Creek Advisors LP purchased a new stake in Valero Energy Co. (NYSE:VLO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 90,000 shares of the oil and gas company’s stock, valued at approximately $11,033,000. Valero Energy makes up approximately 0.7% of Boundary Creek Advisors LP’s portfolio, making the stock its 9th largest position.

Several other institutional investors also recently modified their holdings of VLO. New Wave Wealth Advisors LLC bought a new position in shares of Valero Energy in the fourth quarter valued at $25,000. Tobam purchased a new position in Valero Energy during the 4th quarter worth approximately $30,000. True Wealth Design LLC grew its position in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares in the last quarter. OFI Invest Asset Management purchased a new position in Valero Energy during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC purchased a new position in Valero Energy during the 4th quarter worth approximately $38,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 1.4 %

Shares of VLO opened at $133.89 on Thursday. The company has a 50-day simple moving average of $133.68 and a 200-day simple moving average of $133.58. The firm has a market capitalization of $42.17 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data 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, equities research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 53.30%.

Analyst Ratings Changes

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

About Valero Energy

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.