RD Lewis Holdings Inc. Takes $305,000 Position in Valero Energy Co. (NYSE:VLO)

RD Lewis Holdings Inc. purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,291 shares of the oil and gas company’s stock, valued at approximately $305,000.

A number of other large investors also recently modified their holdings of the business. Tocqueville Asset Management L.P. increased its holdings in shares of Valero Energy by 2.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 8,157 shares of the oil and gas company’s stock valued at $1,000,000 after purchasing an additional 164 shares during the period. Flagship Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $61,000. Cibc World Markets Corp grew its holdings in Valero Energy by 14.2% during the fourth quarter. Cibc World Markets Corp now owns 50,115 shares of the oil and gas company’s stock worth $6,144,000 after acquiring an additional 6,228 shares during the period. SouthState Corp grew its holdings in Valero Energy by 7,599.2% during the fourth quarter. SouthState Corp now owns 40,652 shares of the oil and gas company’s stock worth $4,984,000 after acquiring an additional 40,124 shares during the period. Finally, Twin Tree Management LP acquired a new position in Valero Energy during the fourth quarter worth about $4,317,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Piper Sandler dropped their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $156.08.

Valero Energy Trading Up 3.0 %

Shares of NYSE VLO opened at $133.03 on Tuesday. The business has a 50 day simple moving average of $133.34 and a 200 day simple moving average of $133.68. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 15.69, a PEG 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.

Valero Energy (NYSE:VLO) last released its quarterly earnings data 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%. On average, research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.40%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 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.