Broadway Wealth Solutions Inc. Takes Position in Valero Energy Co. (NYSE:VLO)

Broadway Wealth Solutions Inc. acquired a new position in Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,791 shares of the oil and gas company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased 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 valued at about $30,000. True Wealth Design LLC increased its position in shares of Valero Energy by 196.8% during 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 during the period. Golden State Wealth Management LLC bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $38,000. Finally, OFI Invest Asset Management bought a new stake in Valero Energy during the 4th quarter worth approximately $37,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho decreased their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler decreased 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.67.

Valero Energy Stock Performance

Valero Energy stock opened at $133.14 on Friday. The firm has a fifty day simple moving average of $133.68 and a two-hundred day simple moving average of $133.35. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a market capitalization of $41.94 billion, a PE ratio of 15.70, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.39%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s payout ratio is presently 53.30%.

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.