Valero Energy Co. (NYSE:VLO) Shares Bought by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 931.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,369 shares of the oil and gas company's stock after purchasing an additional 20,200 shares during the period. Valero Energy accounts for 1.0% of Scissortail Wealth Management LLC's portfolio, making the stock its 27th biggest position. Scissortail Wealth Management LLC's holdings in Valero Energy were worth $3,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Marino Stram & Associates LLC increased its holdings in shares of Valero Energy by 0.9% in the 4th quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 77 shares during the period. Miller Howard Investments Inc. NY increased its holdings in shares of Valero Energy by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company's stock worth $2,357,000 after acquiring an additional 79 shares during the period. Rosenberg Matthew Hamilton increased its stake in Valero Energy by 1.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,146 shares of the oil and gas company's stock valued at $729,000 after buying an additional 80 shares during the period. First Trust Direct Indexing L.P. increased its stake in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company's stock valued at $1,417,000 after buying an additional 81 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company's stock valued at $220,000 after buying an additional 81 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen raised their target price on shares of Valero Energy from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Barclays raised their target price on shares of Valero Energy from $149.00 to $179.00 and gave the company an "overweight" rating in a research note on Wednesday, April 3rd. Citigroup assumed coverage on shares of Valero Energy in a research report on Wednesday, January 24th. They set a "buy" rating for the company. Mizuho lowered shares of Valero Energy from a "buy" rating to a "neutral" rating and raised their price objective for the company from $150.00 to $173.00 in a research report on Friday, March 22nd. Finally, Scotiabank raised their price objective on shares of Valero Energy from $138.00 to $165.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.40.

Valero Energy Trading Down 1.0 %

Shares of VLO traded down $1.67 during midday trading on Tuesday, hitting $169.00. The stock had a trading volume of 2,125,526 shares, compared to its average volume of 3,380,482. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The business has a 50-day simple moving average of $156.56 and a two-hundred day simple moving average of $138.56. The firm has a market cap of $56.19 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.68 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion during the quarter, compared to analysts' expectations of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm's quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the company posted $8.45 earnings per share. As a group, equities analysts forecast that Valero Energy Co. will post 17.25 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were issued a dividend of $1.07 per share. This is a boost from Valero Energy's previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Wednesday, January 31st. Valero Energy's dividend payout ratio (DPR) is currently 17.31%.

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.

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