Valero Energy Co. (NYSE:VLO) Shares Bought by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,634 shares of the oil and gas company’s stock after purchasing an additional 761 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Valero Energy were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after buying an additional 2,793,607 shares during the period. International Assets Investment Management LLC raised its stake in Valero Energy by 11,318.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after acquiring an additional 1,066,923 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Valero Energy by 900.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after acquiring an additional 568,000 shares during the period. Pacer Advisors Inc. grew its stake in shares of Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Valero Energy during the third quarter valued at $70,352,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Valero Energy stock opened at $139.50 on Wednesday. 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 $44.16 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The firm’s 50 day simple moving average is $131.31 and its 200-day simple moving average is $138.08.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter last year, the firm posted $7.49 earnings per share. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.24%. Valero Energy’s payout ratio is presently 38.39%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VLO. BMO Capital Markets decreased their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Bank of America initiated coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen dropped their price objective 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 analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.