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Howard Capital Management boosted its Valero Energy stake, as the company beat earnings estimates and raised its dividend.
Howard Capital Management increased its stake in oil and gas company Valero Energy by 2.6%, owning 28,032 shares worth $3.4 million.
Valero reported earnings of $0.64 per share, beating estimates by $0.50, and raised its quarterly dividend to $1.13 per share.
Analysts have given Valero a “Moderate Buy” rating with a target price of $154.46, and institutional investors own 78.69% of its stock.
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Howard Capital Management impulsó su participación en Valero Energy, ya que la compañía superó las estimaciones de ganancias y aumentó su dividendo.