Frank Rimerman Advisors LLC Has $464,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

Frank Rimerman Advisors LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,787 shares of the oil and gas company’s stock after acquiring an additional 662 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Valero Energy were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VLO. New Wave Wealth Advisors LLC acquired a new position in shares of Valero Energy in the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the third quarter worth $28,000. Tobam acquired a new position in shares of Valero Energy in the fourth quarter worth $30,000. True Wealth Design LLC increased its stake in shares of 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 worth $37,000 after acquiring an additional 183 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Valero Energy in the fourth quarter worth $37,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 2.7 %

NYSE VLO opened at $129.20 on Monday. 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 firm has a 50-day simple moving average of $133.12 and a 200 day simple moving average of $133.74. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The stock has a market cap of $40.70 billion, a PE ratio of 15.24, a PEG ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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, research analysts forecast 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. Investors of record on Thursday, January 30th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analyst Upgrades and Downgrades

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