Potentia Wealth Invests $361,000 in Valero Energy Co. (NYSE:VLO)

Potentia Wealth bought a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,945 shares of the oil and gas company's stock, valued at approximately $361,000.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in Valero Energy by 0.4% during the 4th 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 purchasing an additional 455 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Valero Energy during the fourth quarter valued at about $1,226,000. Hudson Capital Management LLC raised 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 worth $3,897,000 after buying an additional 1,937 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in Valero Energy in the fourth quarter worth about $274,000. Finally, Captrust Financial Advisors boosted its position in Valero Energy by 7.5% during the 3rd 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 in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 1.4 %

Shares of NYSE:VLO traded down $1.80 during trading on Friday, reaching $131.43. 1,082,632 shares of the stock traded hands, compared to its average volume of 2,885,183. The stock has a market cap of $41.40 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a 50-day moving average of $133.68 and a two-hundred day moving average of $133.35. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79.

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Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 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, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.44%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is currently 53.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price objective 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Mizuho decreased 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.67.

About Valero Energy

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.