3,730 Shares in Valero Energy Co. (NYSE:VLO) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,730 shares of the oil and gas company's stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Segment Wealth Management LLC grew its holdings in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock valued at $606,000 after purchasing an additional 81 shares during the period. Silver Coast Investments LLC grew its stake in shares of Valero Energy by 1.7% during the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock valued at $622,000 after buying an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Valero Energy by 2.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock worth $575,000 after buying an additional 90 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after buying an additional 94 shares during the period. Finally, Providence Wealth Advisors LLC grew its holdings in shares of Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VLO shares. Wells Fargo & Company cut their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. 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 report on Friday, March 7th. Finally, Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.67.

Valero Energy Stock Performance

Shares of VLO traded down $14.93 during mid-day trading on Thursday, hitting $118.69. The stock had a trading volume of 3,176,560 shares, compared to its average volume of 2,883,955. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $37.38 billion, a PE ratio of 14.00, a PEG ratio of 2.93 and a beta of 1.36. The company's fifty day simple moving average is $133.17 and its two-hundred day simple moving average is $133.30.

Valero Energy (NYSE:VLO - Get Free Report) last released its 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 net margin of 2.13% and a return on equity of 9.58%. On average, equities analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed 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. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.81%. Valero Energy's dividend payout ratio is 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.