Scissortail Wealth Management LLC Buys 20,200 Shares of Valero Energy Co. (NYSE:VLO)

Scissortail Wealth Management LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 931.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,369 shares of the oil and gas company’s stock after acquiring an additional 20,200 shares during the quarter. Valero Energy accounts for 1.0% of Scissortail Wealth Management LLC’s holdings, making the stock its 27th biggest position. Scissortail Wealth Management LLC’s holdings in Valero Energy were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $26,000. Live Oak Investment Partners bought a new stake in shares of Valero Energy in the 4th quarter valued at about $26,000. Indiana Trust & Investment Management CO bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Valero Energy in the 3rd quarter valued at approximately $28,000. Finally, Quarry LP grew its position in shares of Valero Energy by 1,676.9% in the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 218 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 1.0 %

Shares of Valero Energy stock traded down $1.67 on Tuesday, reaching $169.00. 2,125,526 shares of the company were exchanged, compared to its average volume of 3,380,482. Valero Energy Co. has a one year low of $104.18 and a one year high of $184.79. The company has a market capitalization of $56.19 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 1.68 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $156.56 and a 200 day moving average of $138.56.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. During the same quarter in the prior year, the business posted $8.45 EPS. The business’s revenue was down 15.2% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Co. will post 17.25 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. Valero Energy’s dividend payout ratio is 17.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLO. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Barclays boosted their price objective on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. UBS Group boosted their price objective on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Piper Sandler boosted their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank upped their price target on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.40.

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.