Valero Energy Co. (NYSE:VLO) Stock Position Cut by First United Bank & Trust

First United Bank & Trust trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,800 shares of the oil and gas company’s stock after selling 307 shares during the quarter. First United Bank & Trust’s holdings in Valero Energy were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Valero Energy in the 4th quarter valued at about $29,000. OFI Invest Asset Management purchased a new stake in Valero Energy during the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter valued at about $38,000. Creative Capital Management Investments LLC lifted its stake in Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 183 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Valero Energy during the fourth quarter valued at about $44,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on VLO. Scotiabank reduced their price objective on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Barclays upped their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. TD Cowen dropped their target price on Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Raymond James dropped their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Buy” and an average target price of $151.93.

Valero Energy Trading Up 1.6%

Shares of VLO stock opened at $134.02 on Thursday. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.97 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. The business’s 50 day moving average is $121.14 and its two-hundred day moving average is $127.64.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.82 earnings per share. Equities analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.37%. Valero Energy’s dividend payout ratio (DPR) is currently 159.72%.

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.