Kingsview Wealth Management LLC Sells 387 Shares of Valero Energy Co. (NYSE:VLO)

Kingsview Wealth Management LLC lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,938 shares of the oil and gas company’s stock after selling 387 shares during the period. Kingsview Wealth Management LLC’s holdings in Valero Energy were worth $1,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. New Wave Wealth Advisors LLC bought a new stake in Valero Energy during the 4th quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in Valero Energy during the 3rd quarter worth about $28,000. Tobam acquired a new position in Valero Energy during the 4th quarter worth about $30,000. Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the 3rd quarter worth about $34,000. Finally, True Wealth Design LLC lifted its holdings 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 buying an additional 183 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. 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. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen decreased their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Mizuho reduced their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Trading Up 0.1 %

NYSE:VLO opened at $136.90 on Wednesday. The company has a market cap of $43.34 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.85 and a beta of 1.42. The stock’s fifty day moving average price is $130.59 and its two-hundred day moving average price is $136.90. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, analysts expect that Valero Energy Co. will post 7.86 EPS for the current year.

Valero Energy Increases Dividend

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

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.