Valero Energy Corporation $VLO Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. cut its holdings in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 20.9% in the second quarter, HoldingsChannel.com reports. The firm owned 15,328 shares of the oil and gas company’s stock after selling 4,038 shares during the quarter. Community Trust & Investment Co.’s holdings in Valero Energy were worth $3,992,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after purchasing an additional 163,975 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Valero Energy by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock worth $1,945,500,000 after buying an additional 63,919 shares in the last quarter. Norges Bank acquired a new stake in Valero Energy during the 4th quarter worth approximately $1,111,542,000. Franklin Resources Inc. boosted its position in Valero Energy by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after buying an additional 394,693 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after acquiring an additional 516,975 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $297.94 on Friday. The firm has a market capitalization of $88.47 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.21 and a beta of 0.55. The business’s fifty day moving average price is $276.61 and its 200 day moving average price is $242.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $320.24.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The business had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. During the same period in the prior year, the firm posted $2.28 EPS. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Valero Energy Corporation will post 39.55 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised Valero Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Piper Sandler restated an “overweight” rating and set a $329.00 price target on shares of Valero Energy in a report on Thursday, July 23rd. TD Cowen increased their price target on Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $288.00.

Check Out Our Latest Analysis on Valero Energy

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.36% of the company’s stock.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

Valero Energy Profile

(Free Report)

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.

Further Reading

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

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