Forvis Mazars Wealth Advisors LLC Sells 277 Shares of Valero Energy Co. (NYSE:VLO)

Forvis Mazars Wealth Advisors LLC lessened its position in Valero Energy Co. (NYSE:VLO) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,234 shares of the oil and gas company’s stock after selling 277 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Valero Energy were worth $3,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Providence Wealth Advisors LLC grew its holdings in shares of Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after purchasing an additional 75 shares during the last quarter. Segment Wealth Management LLC grew its holdings in shares of Valero Energy by 1.7% during the 4th 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 last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Valero Energy by 6.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,420 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 85 shares during the last quarter. Americana Partners LLC grew its holdings in shares of Valero Energy by 5.0% during the 3rd quarter. Americana Partners LLC now owns 1,883 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 89 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew 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 valued at $575,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 3.2 %

Shares of NYSE VLO opened at $134.67 on Friday. The company has a market capitalization of $42.63 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 2.93 and a beta of 1.42. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. 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 company’s 50 day moving average price is $131.06 and its 200-day moving average price is $135.78.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is presently 53.30%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VLO shares. Barclays decreased their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

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.