Security National Bank Acquires 1,000 Shares of Valero Energy Corporation (NYSE:VLO)

Security National Bank lifted its holdings in Valero Energy Corporation (NYSE:VLO) by 67.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,481 shares of the oil and gas company’s stock after acquiring an additional 1,000 shares during the period. Security National Bank’s holdings in Valero Energy were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of Valero Energy in the fourth quarter worth about $29,000. OFI Invest Asset Management bought a new position in shares of Valero Energy in the fourth quarter worth about $37,000. Millstone Evans Group LLC bought a new position in shares of Valero Energy in the fourth quarter worth about $44,000. SBI Securities Co. Ltd. bought a new position in shares of Valero Energy in the fourth quarter worth about $52,000. Finally, Transce3nd LLC bought a new position in shares of Valero Energy in the fourth quarter worth about $58,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.1%

Shares of VLO stock opened at $135.72 on Thursday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $167.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $126.78 and its two-hundred day simple moving average is $127.67. The company has a market cap of $42.51 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The company had revenue of $28.76 billion for the quarter, compared to analysts’ expectations of $28.54 billion. During the same quarter last year, the company earned $3.82 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were issued a $1.13 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.33%. Valero Energy’s payout ratio is 159.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Raymond James Financial decreased their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Evercore ISI assumed coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an “in-line” rating and a $135.00 target price on the stock. Morgan Stanley decreased their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, UBS Group decreased their target price on Valero Energy from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.88.

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.