Opal Wealth Advisors LLC Purchases New Shares in Valero Energy Co. (NYSE:VLO)

Opal Wealth Advisors LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,931 shares of the oil and gas company's stock, valued at approximately $255,000.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in shares of Valero Energy by 0.4% in the fourth 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 buying an additional 455 shares in the last quarter. Patten Group Inc. bought a new position in Valero Energy during the fourth quarter worth $277,000. Charles Schwab Investment Management Inc. raised its position in shares of Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after purchasing an additional 413,963 shares during the period. Sendero Wealth Management LLC lifted its stake in shares of Valero Energy by 11.0% during the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock worth $2,668,000 after buying an additional 2,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Valero Energy by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 16,056 shares of the oil and gas company's stock worth $1,920,000 after acquiring an additional 3,004 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

VLO has been the subject of several analyst reports. Scotiabank dropped their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. TD Cowen cut their price target on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays raised their price target on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Piper Sandler reduced their price target on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $151.93.

Valero Energy Stock Up 3.0%

Shares of VLO stock traded up $4.07 on Tuesday, reaching $141.83. 4,269,475 shares of the company were exchanged, compared to its average volume of 3,042,814. The company has a 50-day moving average of $122.91 and a 200-day moving average of $127.40. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market cap of $44.42 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.93 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. The company's revenue was down 4.7% compared to the same quarter last year. Analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

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.