Mosley Wealth Management Invests $216,000 in Valero Energy Co. (NYSE:VLO)

Mosley Wealth Management purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,764 shares of the oil and gas company’s stock, valued at approximately $216,000.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in Valero Energy during the fourth quarter worth $25,000. Tobam acquired a new position in shares of Valero Energy in the fourth quarter worth about $30,000. True Wealth Design LLC boosted its stake in shares of Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 183 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, OFI Invest Asset Management purchased a new position in shares of Valero Energy in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE VLO opened at $131.42 on Friday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The firm has a market capitalization of $41.39 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The stock’s fifty day moving average is $133.96 and its two-hundred day moving average is $133.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (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, research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is presently 53.30%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company dropped their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Mizuho decreased their price objective 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. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.08.

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.