Triad Wealth Partners LLC Purchases Shares of 9,609 Valero Energy Corporation $VLO

Triad Wealth Partners LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,609 shares of the oil and gas company’s stock, valued at approximately $1,636,000.

A number of other large investors have also recently made changes to their positions in the stock. Private Trust Co. NA lifted its position in Valero Energy by 2.0% during the 3rd quarter. Private Trust Co. NA now owns 3,381 shares of the oil and gas company’s stock worth $576,000 after acquiring an additional 65 shares during the period. Highline Wealth Partners LLC boosted its position in Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Broadway Wealth Solutions Inc. increased its holdings in Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after buying an additional 69 shares during the period. Salomon & Ludwin LLC raised its position in Valero Energy by 17.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 476 shares of the oil and gas company’s stock worth $76,000 after buying an additional 69 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its stake in Valero Energy by 0.6% during the 3rd quarter. Sowell Financial Services LLC now owns 11,467 shares of the oil and gas company’s stock valued at $1,952,000 after acquiring an additional 70 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 1.9%

VLO stock opened at $188.21 on Thursday. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $193.33. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $174.40 and a 200-day simple moving average of $162.03. The stock has a market capitalization of $57.41 billion, a P/E ratio of 39.29, a P/E/G ratio of 1.10 and a beta of 0.77.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.Valero Energy’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. Equities analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th were issued a $1.13 dividend. The ex-dividend date was Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.4%. Valero Energy’s dividend payout ratio (DPR) is presently 94.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLO. Piper Sandler reduced their target price on shares of Valero Energy from $223.00 to $217.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on Valero Energy from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. TD Cowen upped their target price on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $195.00 target price (up from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Finally, Jefferies Financial Group boosted their price target on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $183.00.

Insider Transactions at Valero Energy

In other news, CFO Jason W. Fraser sold 9,933 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the completion of the sale, the chief financial officer owned 134,196 shares of the company’s stock, valued at $23,352,787.92. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by company insiders.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.