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

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

Other institutional investors have also recently bought and sold shares of the company. Stiles Financial Services Inc boosted its position in shares of Valero Energy by 20.7% during the fourth quarter. Stiles Financial Services Inc now owns 15,520 shares of the oil and gas company’s stock worth $1,903,000 after purchasing an additional 2,664 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in Valero Energy by 10.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,899 shares of the oil and gas company’s stock worth $2,317,000 after buying an additional 1,794 shares during the period. Stephens Inc. AR lifted its holdings in Valero Energy by 9.2% during the fourth quarter. Stephens Inc. AR now owns 60,757 shares of the oil and gas company’s stock worth $7,448,000 after acquiring an additional 5,125 shares in the last quarter. Empowered Funds LLC grew its stake in Valero Energy by 1.1% in the fourth quarter. Empowered Funds LLC now owns 224,782 shares of the oil and gas company’s stock valued at $27,556,000 after acquiring an additional 2,511 shares during the period. Finally, Westbourne Investment Advisors Inc. increased its holdings in shares of Valero Energy by 14.6% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 55,045 shares of the oil and gas company’s stock worth $6,748,000 after acquiring an additional 7,014 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 2.8 %

NYSE:VLO opened at $136.76 on Tuesday. The firm has a market capitalization of $43.30 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth 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 stock’s 50 day moving average price is $130.66 and its two-hundred day moving average price is $137.05.

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 net margin of 2.13% and a return on equity of 9.58%. Equities research analysts expect that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.30%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLO. Wells Fargo & Company cut their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. TD Cowen dropped their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $154.46.

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.