Perigon Wealth Management LLC Acquires 470 Shares of Valero Energy Co. (NYSE:VLO)

Perigon Wealth Management LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 21.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,713 shares of the oil and gas company’s stock after acquiring an additional 470 shares during the period. Perigon Wealth Management LLC’s holdings in Valero Energy were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VLO. Miller Howard Investments Inc. NY lifted its stake in Valero Energy by 0.5% in the third quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock valued at $2,357,000 after purchasing an additional 79 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Valero Energy by 0.8% in the third 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 purchasing an additional 81 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Valero Energy by 5.0% in the fourth quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock valued at $220,000 after purchasing an additional 81 shares during the last quarter. Fulcrum Equity Management lifted its stake in Valero Energy by 1.0% in the fourth quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after purchasing an additional 86 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its stake in Valero Energy by 40.3% in the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 87 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 1.0 %

VLO opened at $169.00 on Wednesday. The stock has a market cap of $56.19 billion, a PE ratio of 6.83, a P/E/G ratio of 1.65 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $184.79. The business’s fifty day simple moving average is $157.18 and its 200 day simple moving average is $138.75.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. The business had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.45 earnings per share. As a group, research analysts expect that Valero Energy Co. will post 17.25 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, January 31st. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. Valero Energy’s dividend payout ratio is currently 17.31%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VLO shares. UBS Group boosted their target price on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Raymond James boosted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $173.00 in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their target price on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $172.40.

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.