PFG Investments LLC Sells 145 Shares of Valero Energy Co. (NYSE:VLO)

PFG Investments LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,237 shares of the oil and gas company’s stock after selling 145 shares during the period. PFG Investments LLC’s holdings in Valero Energy were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quad Cities Investment Group LLC increased its holdings in Valero Energy by 1.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after acquiring an additional 75 shares in the last quarter. Providence Wealth Advisors LLC boosted its holdings in Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after buying an additional 75 shares during the period. New Century Financial Group LLC raised its holdings in Valero Energy by 5.0% during the third quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 81 shares during the period. Segment Wealth Management LLC lifted its position in shares of Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its position in shares of Valero Energy by 4.7% during the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 82 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $141.40 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $44.77 billion, a PE ratio of 12.68, a P/E/G ratio of 2.81 and a beta of 1.42. The firm has a 50 day moving average of $131.28 and a two-hundred day moving average of $137.82. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a $1.13 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.20%. Valero Energy’s dividend payout ratio is presently 38.39%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank cut their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets reduced their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Citigroup dropped their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.54.

Valero Energy 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.