HBK Sorce Advisory LLC Has $419,000 Position in Valero Energy Co. (NYSE:VLO)

HBK Sorce Advisory LLC raised its position in Valero Energy Co. (NYSE:VLO) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,415 shares of the oil and gas company’s stock after acquiring an additional 624 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Valero Energy were worth $419,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company’s stock valued at $14,751,000 after acquiring an additional 455 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Valero Energy in the fourth quarter valued at $1,226,000. Hudson Capital Management LLC lifted its stake in Valero Energy by 6.5% in the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after acquiring an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Valero Energy in the fourth quarter valued at $274,000. Finally, Captrust Financial Advisors lifted its stake in Valero Energy by 7.5% in the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after acquiring an additional 6,278 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VLO shares. Mizuho cut their price target 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. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler cut their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $129.20 on Friday. The firm has a 50 day moving average of $133.12 and a 200-day moving average of $133.84. The stock has a market capitalization of $40.70 billion, a PE ratio of 15.24, a PEG ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. On average, equities research analysts predict that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio is currently 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.