MOKAN Wealth Management Inc. Makes New $538,000 Investment in Valero Energy Co. (NYSE:VLO)

MOKAN Wealth Management Inc. bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,385 shares of the oil and gas company’s stock, valued at approximately $538,000.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy in the 3rd quarter valued at $28,000. Tobam purchased a new stake in shares of Valero Energy in the 4th quarter valued at $30,000. True Wealth Design LLC boosted its holdings in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Valero Energy in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE VLO opened at $135.49 on Friday. The firm has a 50-day simple moving average of $130.55 and a 200-day simple moving average of $136.52. The stock has a market capitalization of $42.89 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, equities analysts predict that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 53.30%.

Analyst Ratings Changes

VLO has been the topic of several recent research reports. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Mizuho lowered their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. TD Cowen lowered their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $154.46.

About Valero Energy

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.