Greenfield Savings Bank Sells 1,184 Shares of Valero Energy Co. (NYSE:VLO)

Greenfield Savings Bank lessened its position in Valero Energy Co. (NYSE:VLO) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,537 shares of the oil and gas company’s stock after selling 1,184 shares during the period. Greenfield Savings Bank’s holdings in Valero Energy were worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Valero Energy by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after acquiring an additional 50,837 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after buying an additional 192,397 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Valero Energy by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after buying an additional 247,630 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after buying an additional 237,347 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 5.0 %

VLO opened at $133.49 on Tuesday. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $42.26 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.43 and a beta of 1.42. The company’s 50 day moving average price is $131.06 and its two-hundred day moving average price is $138.75.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share 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 firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period in the previous year, the firm posted $7.49 EPS. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Citigroup dropped their price objective 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. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.57.

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.