Cornerstone Wealth Management LLC Trims Stake in Valero Energy Co. (NYSE:VLO)

Cornerstone Wealth Management LLC decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,986 shares of the oil and gas company’s stock after selling 206 shares during the period. Cornerstone Wealth Management LLC’s holdings in Valero Energy were worth $489,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Red Door Wealth Management LLC increased its position in Valero Energy by 20.2% during the 4th quarter. Red Door Wealth Management LLC now owns 3,840 shares of the oil and gas company’s stock worth $471,000 after purchasing an additional 646 shares in the last quarter. Capital Planning Advisors LLC grew its holdings in shares of Valero Energy by 1.2% during the fourth quarter. Capital Planning Advisors LLC now owns 9,526 shares of the oil and gas company’s stock worth $1,168,000 after buying an additional 114 shares in the last quarter. True North Advisors LLC raised its position in shares of Valero Energy by 69.8% in the fourth quarter. True North Advisors LLC now owns 2,944 shares of the oil and gas company’s stock valued at $361,000 after buying an additional 1,210 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Valero Energy by 10.1% during the fourth quarter. Wesbanco Bank Inc. now owns 7,126 shares of the oil and gas company’s stock valued at $874,000 after buying an additional 653 shares during the period. Finally, Hudson Capital Management LLC boosted its position in Valero Energy by 6.5% during the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock worth $3,897,000 after acquiring an additional 1,937 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Bank of America initiated coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target on the stock. Barclays dropped 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 note on Monday, November 11th. Mizuho decreased their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Scotiabank dropped their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Trading Down 0.7 %

NYSE:VLO opened at $139.80 on Friday. The business’s 50-day moving average is $131.28 and its two-hundred day moving average is $137.93. The firm has a market capitalization of $44.26 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced 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 business had revenue of $32.88 billion for 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 company’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the business posted $7.49 EPS. Research analysts predict that Valero Energy Co. will post 7.93 earnings per share 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. Stockholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, January 30th. Valero Energy’s payout ratio is presently 38.39%.

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.