Wealth Alliance Advisory Group LLC Has $292,000 Stake in Valero Energy Co. (NYSE:VLO)

Wealth Alliance Advisory Group LLC cut its stake in Valero Energy Co. (NYSE:VLO) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,386 shares of the oil and gas company’s stock after selling 138 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Valero Energy were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after acquiring an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. grew its position in Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares in the last quarter. Franklin Resources Inc. increased its stake in Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after buying an additional 247,630 shares during the last quarter. Pacer Advisors Inc. lifted its position in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after acquiring an additional 2,793,607 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Scotiabank lowered their target price 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. Barclays decreased their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Wells Fargo & Company reduced their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Stock Performance

NYSE VLO opened at $141.21 on Friday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The stock has a market cap of $44.70 billion, a PE ratio of 12.66, a PEG ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm’s fifty day moving average price is $131.25 and its two-hundred day moving average price is $138.48.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the company earned $7.49 earnings per share. On average, equities analysts expect that Valero Energy Co. will post 7.96 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a $1.13 dividend. 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 3.20%. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio is 38.39%.

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.