Valero Energy Co. (NYSE:VLO) Holdings Raised by Private Trust Co. NA

Private Trust Co. NA increased its stake in Valero Energy Co. (NYSE:VLO) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,430 shares of the oil and gas company’s stock after purchasing an additional 204 shares during the quarter. Private Trust Co. NA’s holdings in Valero Energy were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $15,945,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after purchasing an additional 22,571 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Valero Energy during the second quarter valued at $535,000. Massmutual Trust Co. FSB ADV raised its position in Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after buying an additional 8,198 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Valero Energy by 66.0% in the 2nd quarter. GAMMA Investing LLC now owns 8,781 shares of the oil and gas company’s stock worth $1,377,000 after acquiring an additional 3,492 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VLO. JPMorgan Chase & Co. lowered their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. The Goldman Sachs Group lowered their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Scotiabank dropped their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Mizuho reduced their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Down 0.9 %

Shares of Valero Energy stock opened at $138.55 on Thursday. Valero Energy Co. has a 12-month low of $120.21 and a 12-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 stock has a 50 day moving average price of $136.83 and a two-hundred day moving average price of $145.51. The stock has a market capitalization of $43.86 billion, a P/E ratio of 12.43, a PEG ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping 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%. Valero Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.49 EPS. Equities analysts expect that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. Valero Energy’s dividend payout ratio is presently 38.39%.

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.