Trustmark National Bank Trust Department Decreases Stake in Valero Energy Co. (NYSE:VLO)

Trustmark National Bank Trust Department reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,340 shares of the oil and gas company’s stock after selling 3,153 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Valero Energy were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VLO. EdgeRock Capital LLC purchased a new stake in shares of Valero Energy during the 2nd quarter valued at about $27,000. Lynx Investment Advisory bought a new position in Valero Energy during the second quarter valued at approximately $29,000. Pathway Financial Advisers LLC purchased a new stake in Valero Energy in the first quarter worth approximately $33,000. Summit Securities Group LLC bought a new stake in Valero Energy in the 2nd quarter worth approximately $31,000. Finally, Peterson Financial Group Inc. purchased a new stake in Valero Energy during the 3rd quarter valued at $28,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 0.1 %

VLO opened at $141.41 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company has a market cap of $44.77 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.39. The company has a 50-day moving average price of $136.46 and a 200 day moving average price of $146.09.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the prior year, the firm earned $7.49 earnings per share. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. Sell-side analysts expect that Valero Energy Co. will post 8.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared 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. This represents a $4.28 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of research reports. 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 note on Monday, September 16th. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. BMO Capital Markets lowered their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Barclays reduced their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Company 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.