OLD Second National Bank of Aurora Has $4.06 Million Holdings in Valero Energy Co. (NYSE:VLO)

OLD Second National Bank of Aurora lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 2.7% in the first quarter, Holdings Channel.com reports. The firm owned 23,764 shares of the oil and gas company’s stock after selling 660 shares during the period. Valero Energy makes up about 1.1% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 29th largest position. OLD Second National Bank of Aurora’s holdings in Valero Energy were worth $4,056,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VLO. Rise Advisors LLC acquired a new stake in Valero Energy in the 1st quarter valued at approximately $33,000. BKM Wealth Management LLC acquired a new position in Valero Energy during the fourth quarter worth $26,000. Wetzel Investment Advisors Inc. acquired a new stake in Valero Energy in the 4th quarter valued at $36,000. FSC Wealth Advisors LLC bought a new stake in Valero Energy during the 4th quarter worth about $38,000. Finally, DT Investment Partners LLC acquired a new position in shares of Valero Energy during the 4th quarter worth about $45,000. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Barclays dropped their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen cut their price objective on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 29th. The Goldman Sachs Group raised their target price on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Finally, Argus downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.53.

Valero Energy Stock Performance

Shares of VLO stock traded up $0.51 on Friday, hitting $147.15. The company’s stock had a trading volume of 494,289 shares, compared to its average volume of 3,083,531. Valero Energy Co. has a fifty-two week low of $112.67 and a fifty-two week high of $184.79. 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 stock’s 50 day moving average is $155.31 and its 200-day moving average is $151.52. The company has a market capitalization of $48.12 billion, a PE ratio of 7.27, a PEG ratio of 1.57 and a beta of 1.42.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion during the quarter, compared to analysts’ expectations of $32.02 billion. During the same period in the previous year, the company posted $8.27 earnings per share. The firm’s revenue for the quarter 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 fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, May 30th. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Insider Buying and Selling

In other news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by company insiders.

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.