RD Lewis Holdings Inc. Acquires Shares of 2,291 Valero Energy Co. (NYSE:VLO)

RD Lewis Holdings Inc. acquired a new stake in Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,291 shares of the oil and gas company’s stock, valued at approximately $305,000.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $25,000. Tobam acquired a new stake in Valero Energy in the fourth quarter valued at approximately $30,000. True Wealth Design LLC grew its position in Valero Energy by 196.8% in the third 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 in the last quarter. Golden State Wealth Management LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $38,000. Finally, OFI Invest Asset Management purchased a new position in shares of Valero Energy during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock opened at $133.03 on Tuesday. 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 stock has a market capitalization of $41.90 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The stock’s fifty day moving average is $133.34 and its two-hundred day moving average is $133.68.

Valero Energy (NYSE:VLO) last posted its earnings results 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 return on equity of 9.58% and a net margin of 2.13%. On average, research analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.40%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company reduced 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. Piper Sandler reduced their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Mizuho reduced their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned 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 $156.08.

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.