OLD Second National Bank of Aurora Sells 439 Shares of Valero Energy Co. (NYSE:VLO)

OLD Second National Bank of Aurora trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,131 shares of the oil and gas company’s stock after selling 439 shares during the period. OLD Second National Bank of Aurora’s holdings in Valero Energy were worth $2,988,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pinnacle Financial Partners Inc boosted its holdings in Valero Energy by 1.3% in the third quarter. Pinnacle Financial Partners Inc now owns 182,096 shares of the oil and gas company’s stock worth $24,588,000 after purchasing an additional 2,270 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Valero Energy in the third quarter worth about $907,000. Simmons Bank lifted its position in shares of Valero Energy by 4.7% in the third quarter. Simmons Bank now owns 4,806 shares of the oil and gas company’s stock worth $649,000 after buying an additional 214 shares during the last quarter. Empower Advisory Group LLC boosted its stake in shares of Valero Energy by 2.8% during the 3rd quarter. Empower Advisory Group LLC now owns 495,931 shares of the oil and gas company’s stock worth $66,966,000 after acquiring an additional 13,700 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Valero Energy by 5.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,585 shares of the oil and gas company’s stock valued at $754,000 after acquiring an additional 301 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $137.02 on Wednesday. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.39. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $135.63 and a two-hundred day simple moving average of $146.80.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.49 EPS. Analysts forecast that Valero Energy Co. will post 9.1 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

Analyst Ratings Changes

VLO has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Citigroup lowered their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays decreased their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

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.