Coastline Trust Co Lowers Holdings in Valero Energy Co. (NYSE:VLO)

Coastline Trust Co reduced its position in shares of Valero Energy Co. (NYSE:VLO) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,953 shares of the oil and gas company’s stock after selling 855 shares during the period. Coastline Trust Co’s holdings in Valero Energy were worth $1,749,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VLO. International Private Wealth Advisors LLC grew its holdings in shares of Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares during the period. OmniStar Financial Group Inc. grew its stake in Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. raised its holdings in Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after buying an additional 72 shares during the period. Finally, Magnus Financial Group LLC boosted its holdings in shares of Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 73 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Citigroup decreased their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. TD Cowen reduced their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets lowered their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $140.16 on Friday. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $135.83 and a 200 day moving average of $146.51.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.49 EPS. On average, research analysts anticipate that Valero Energy Co. will post 9.1 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.05%. Valero Energy’s payout ratio is currently 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.