Accordant Advisory Group Inc Has $1.88 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Accordant Advisory Group Inc trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 0.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,359 shares of the oil and gas company’s stock after selling 87 shares during the period. Valero Energy makes up about 1.8% of Accordant Advisory Group Inc’s holdings, making the stock its 18th largest holding. Accordant Advisory Group Inc’s holdings in Valero Energy were worth $1,883,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in shares of Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy during the third quarter worth approximately $34,000. True Wealth Design LLC increased its holdings in shares of Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Valero Energy during the third quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Valero Energy during the third quarter worth approximately $50,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VLO. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Scotiabank cut their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.54.

Valero Energy Trading Down 2.2 %

NYSE:VLO opened at $138.14 on Wednesday. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The stock has a market cap of $43.73 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 2.81 and a beta of 1.42. The company has a 50-day moving average price of $131.23 and a 200-day moving average price of $137.78. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.27%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is presently 38.39%.

Valero Energy 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.