Fifth Third Wealth Advisors LLC Has $1.45 Million Stake in Valero Energy Co. (NYSE:VLO)

Fifth Third Wealth Advisors LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,787 shares of the oil and gas company’s stock after purchasing an additional 917 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Valero Energy were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Valero Energy by 5.7% during the second quarter. Parallel Advisors LLC now owns 3,786 shares of the oil and gas company’s stock worth $594,000 after buying an additional 203 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Valero Energy by 82.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,706 shares of the oil and gas company’s stock worth $424,000 after acquiring an additional 1,224 shares during the last quarter. Pekin Hardy Strauss Inc. raised its position in Valero Energy by 1.5% in the second quarter. Pekin Hardy Strauss Inc. now owns 6,960 shares of the oil and gas company’s stock valued at $1,091,000 after purchasing an additional 100 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its stake in shares of Valero Energy by 4.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 14,891 shares of the oil and gas company’s stock valued at $2,334,000 after purchasing an additional 661 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Valero Energy by 26.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 80,124 shares of the oil and gas company’s stock worth $12,543,000 after purchasing an additional 16,654 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Up 3.0 %

Valero Energy stock opened at $138.10 on Thursday. The company has a market capitalization of $43.72 billion, a PE ratio of 12.39, a PEG ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 12-month low of $116.84 and a 12-month high of $184.79. The firm’s fifty day moving average is $131.10 and its 200 day moving average is $138.59. 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 announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.49 earnings per share. As a group, sell-side analysts predict that Valero Energy Co. will post 8.86 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were issued a dividend of $1.07 per share. The ex-dividend date was Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.10%. Valero Energy’s dividend payout ratio is 38.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VLO. BMO Capital Markets dropped their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Bank of America initiated coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. TD Cowen decreased their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Piper Sandler raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.57.

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.