Good Life Advisors LLC Sells 77 Shares of Valero Energy Co. (NYSE:VLO)

Good Life Advisors LLC trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,467 shares of the oil and gas company’s stock after selling 77 shares during the period. Good Life Advisors LLC’s holdings in Valero Energy were worth $915,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VLO. Providence Wealth Advisors LLC raised its stake in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after buying an additional 75 shares during the period. Segment Wealth Management LLC raised its stake in Valero Energy by 1.7% in the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 81 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in Valero Energy by 6.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,420 shares of the oil and gas company’s stock valued at $192,000 after purchasing an additional 85 shares during the last quarter. Americana Partners LLC boosted its position in Valero Energy by 5.0% during the third quarter. Americana Partners LLC now owns 1,883 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 89 shares during the period. Finally, Patrick M Sweeney & Associates Inc. increased its holdings in shares of Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 90 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Price Performance

VLO stock opened at $137.06 on Thursday. The company’s 50-day moving average price is $130.76 and its two-hundred day moving average price is $135.94. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $43.39 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.85 and a beta of 1.42.

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

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is currently 53.30%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research analyst reports. TD Cowen reduced their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Citigroup lowered their target price 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. Barclays reduced their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Wells Fargo & Company dropped their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

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.