Cidel Asset Management Inc. Has $875,000 Holdings in Valero Energy Co. (NYSE:VLO)

Cidel Asset Management Inc. lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,134 shares of the oil and gas company’s stock after buying an additional 543 shares during the quarter. Cidel Asset Management Inc.’s holdings in Valero Energy were worth $875,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VLO. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in Valero Energy in the third quarter valued at about $28,000. Tobam bought a new position in Valero Energy during the fourth quarter worth about $30,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Valero Energy during the 3rd quarter worth about $34,000. Finally, True Wealth Design LLC raised its position 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 period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Citigroup dropped their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Stock Performance

Shares of VLO opened at $133.05 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The firm has a fifty day simple moving average of $130.78 and a 200 day simple moving average of $137.31. The stock has a market capitalization of $42.12 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.85 and a beta of 1.42.

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

Valero Energy Increases Dividend

The company 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 $1.13 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.40%. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

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.