VeraBank N.A. Takes Position in Valero Energy Co. (NYSE:VLO)

VeraBank N.A. bought a new position in Valero Energy Co. (NYSE:VLOFree Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,524 shares of the oil and gas company’s stock, valued at approximately $260,000.

Several other large investors have also added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new stake in shares of Valero Energy in the fourth quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in Valero Energy in the 1st quarter valued at about $33,000. Wetzel Investment Advisors Inc. bought a new position in shares of Valero Energy during the 4th quarter worth approximately $36,000. FSC Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $38,000. Finally, DT Investment Partners LLC bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $45,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO traded down $1.40 during trading hours on Wednesday, hitting $144.90. The company had a trading volume of 2,600,836 shares, compared to its average volume of 3,110,773. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. The firm has a market capitalization of $47.38 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.61 and a beta of 1.42. Valero Energy Co. has a 52 week low of $112.58 and a 52 week high of $184.79. The firm has a 50 day simple moving average of $155.52 and a 200 day simple moving average of $151.56.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The company had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same period last year, the business earned $8.27 earnings per share. Valero Energy’s revenue was down 12.8% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 15.34 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were given a $1.07 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.95%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Scotiabank lifted their price target on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler lowered their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Barclays reduced their price target on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $184.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $171.07.

Get Our Latest Analysis on Valero Energy

Insider Activity at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Valero Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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