Trust Co. of Oklahoma Invests $558,000 in Valero Energy Corporation $VLO

Trust Co. of Oklahoma acquired a new position in Valero Energy Corporation (NYSE:VLO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,257 shares of the oil and gas company’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC lifted its position in shares of Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after purchasing an additional 209,597 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of Valero Energy by 33.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after purchasing an additional 10,634 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Valero Energy in the fourth quarter valued at approximately $954,000. CWA Asset Management Group LLC raised its position in Valero Energy by 359.0% in the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 11,140 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in Valero Energy during the 3rd quarter worth $3,249,000. Institutional investors own 78.69% of the company’s stock.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $236.90, for a total value of $1,776,750.00. Following the completion of the sale, the senior vice president owned 27,242 shares in the company, valued at $6,453,629.80. This represents a 21.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen increased their price objective on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. UBS Group reissued a “buy” rating and set a $280.00 price objective on shares of Valero Energy in a report on Thursday, June 11th. Raymond James Financial boosted their price target on shares of Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Barclays increased their price objective on shares of Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $245.59.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $242.77 on Thursday. The firm’s 50 day simple moving average is $245.41 and its 200 day simple moving average is $216.50. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $265.61. The company has a market capitalization of $72.09 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 0.35 and a beta of 0.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Valero Energy Corporation will post 27.45 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Valero Energy’s payout ratio is 34.88%.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.