Nemes Rush Group LLC Reduces Stock Position in Valero Energy Co. (NYSE:VLO)

Nemes Rush Group LLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,462 shares of the oil and gas company’s stock after selling 470 shares during the quarter. Nemes Rush Group LLC’s holdings in Valero Energy were worth $1,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter worth about $25,000. Tobam bought a new stake in Valero Energy in the fourth quarter valued at about $30,000. True Wealth Design LLC raised its stake in Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. OFI Invest Asset Management bought a new position in Valero Energy during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $38,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of several research analyst reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho reduced their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler decreased their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.67.

Valero Energy Stock Performance

Shares of VLO opened at $132.19 on Tuesday. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The firm has a market capitalization of $41.64 billion, a PE ratio of 15.59, a P/E/G ratio of 2.93 and a beta of 1.36. The firm has a 50-day moving average price of $133.31 and a 200 day moving average price of $133.30. 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 (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.42%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) 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.