Signature Wealth Management Group Grows Stock Position in Valero Energy Corporation $VLO

Signature Wealth Management Group lifted its position in shares of Valero Energy Corporation (NYSE:VLO) by 30.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,207 shares of the oil and gas company’s stock after purchasing an additional 7,016 shares during the period. Valero Energy comprises 2.0% of Signature Wealth Management Group’s portfolio, making the stock its 14th largest position. Signature Wealth Management Group’s holdings in Valero Energy were worth $5,143,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in Valero Energy in the second quarter valued at $26,000. GFG Capital LLC bought a new position in shares of Valero Energy during the second quarter worth about $27,000. Highline Wealth Partners LLC grew its stake in Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Valero Energy by 1,277.8% in the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 230 shares during the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in Valero Energy in the third quarter valued at about $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Activity at Valero Energy

In related news, CFO Jason W. Fraser sold 9,933 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the sale, the chief financial officer owned 134,196 shares of the company’s stock, valued at $23,352,787.92. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Wells Fargo & Company raised their price target on shares of Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. increased their price objective on shares of Valero Energy from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Piper Sandler decreased their target price on Valero Energy from $223.00 to $217.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Barclays increased their price target on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Valero Energy Stock Down 0.7%

Shares of Valero Energy stock opened at $183.35 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $192.00. The business’s fifty day moving average price is $174.02 and its two-hundred day moving average price is $161.28. The company has a market capitalization of $55.92 billion, a P/E ratio of 38.28, a PEG ratio of 1.09 and a beta of 0.77.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th were issued a $1.13 dividend. The ex-dividend date was Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.