Angeles Wealth Management LLC Buys 116 Shares of Valero Energy Co. (NYSE:VLO)

Angeles Wealth Management LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,556 shares of the oil and gas company’s stock after acquiring an additional 116 shares during the period. Angeles Wealth Management LLC’s holdings in Valero Energy were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new position in shares of Valero Energy during the fourth quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new stake in Valero Energy in the 3rd quarter worth about $28,000. Tobam bought a new stake in Valero Energy in the 4th quarter valued at about $30,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Valero Energy in the third quarter valued at approximately $34,000. Finally, True Wealth Design LLC grew its holdings in shares of 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. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $136.76 on Tuesday. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 2.85 and a beta of 1.42. 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 Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company’s fifty day moving average is $130.66 and its 200 day moving average is $137.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Valero Energy Co. will post 7.86 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is 53.30%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLO. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays reduced their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, Mizuho decreased their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

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.