Red Door Wealth Management LLC Grows Position in Valero Energy Co. (NYSE:VLO)

Red Door Wealth Management LLC raised its position in Valero Energy Co. (NYSE:VLO) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,840 shares of the oil and gas company’s stock after purchasing an additional 646 shares during the quarter. Red Door Wealth Management LLC’s holdings in Valero Energy were worth $471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VLO. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy during the third quarter worth about $28,000. Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the 3rd quarter valued at approximately $34,000. True Wealth Design LLC increased its stake in shares of Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Valero Energy during the third quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC bought a new position in Valero Energy during the 3rd quarter valued at $50,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VLO. Mizuho lowered their price objective 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. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. TD Cowen reduced their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Barclays lowered their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. One investment 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Valero Energy Price Performance

VLO opened at $140.75 on Friday. The firm has a 50-day moving average of $131.27 and a 200 day moving average of $137.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The firm has a market cap of $44.56 billion, a P/E ratio of 12.62, a PEG ratio of 2.81 and a beta of 1.42.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.49 EPS. On average, research analysts expect that Valero Energy Co. will post 7.93 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.21%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is presently 38.39%.

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.