Miracle Mile Advisors LLC Takes $274,000 Position in Valero Energy Co. (NYSE:VLO)

Miracle Mile Advisors LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLOFree Report) in the 4th quarter, Holdings Channel reports. The firm purchased 2,238 shares of the oil and gas company’s stock, valued at approximately $274,000.

A number of other institutional investors also recently made changes to their positions in VLO. Peterson Financial Group Inc. acquired a new stake in Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Valero Energy during the 3rd quarter worth $34,000. True Wealth Design LLC boosted its holdings in shares of Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Valero Energy in the third quarter valued at $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Valero Energy in the third quarter valued at $50,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 1.2 %

VLO stock opened at $139.51 on Friday. 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 50-day moving average of $131.09 and a two-hundred day moving average of $138.59. The stock has a market capitalization of $44.17 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter last year, the firm posted $7.49 EPS. The company’s revenue was down 14.4% on a year-over-year basis. As a group, equities research analysts anticipate that Valero Energy Co. will post 7.96 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.24%. Valero Energy’s dividend payout ratio is presently 38.39%.

Analyst Ratings Changes

VLO has been the subject of several recent analyst reports. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. TD Cowen decreased their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Scotiabank cut their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, BMO Capital Markets reduced their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

View Our Latest Stock Analysis on Valero Energy

Valero Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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