Imprint Wealth LLC Has $229,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Imprint Wealth LLC raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,764 shares of the oil and gas company’s stock after purchasing an additional 184 shares during the quarter. Imprint Wealth LLC’s holdings in Valero Energy were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Valero Energy by 4.1% during the fourth quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company’s stock valued at $1,276,875,000 after purchasing an additional 395,771 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Valero Energy by 8.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company’s stock valued at $775,264,000 after purchasing an additional 587,056 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Valero Energy by 7.6% during the second quarter. Nuveen Asset Management LLC now owns 6,128,301 shares of the oil and gas company’s stock valued at $718,850,000 after purchasing an additional 434,057 shares in the last quarter. Norges Bank acquired a new stake in Valero Energy during the fourth quarter valued at approximately $534,892,000. Finally, Northern Trust Corp boosted its holdings in Valero Energy by 3.2% during the third quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock valued at $552,651,000 after purchasing an additional 121,057 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of VLO stock opened at $169.00 on Wednesday. The firm has a market capitalization of $56.19 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.65 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12-month low of $104.18 and a 12-month high of $184.79. The firm has a fifty day moving average of $157.18 and a 200-day moving average of $138.75.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.45 EPS. On average, equities research analysts forecast that Valero Energy Co. will post 17.25 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 1st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a yield of 2.53%. Valero Energy’s payout ratio is 17.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on VLO. JPMorgan Chase & Co. lifted their target price on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Citigroup began coverage on shares of Valero Energy in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Scotiabank lifted their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.40.

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.