Legacy Trust Has $811,000 Stock Position in Valero Energy Corporation $VLO

Legacy Trust lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 18.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,034 shares of the oil and gas company’s stock after selling 1,377 shares during the period. Legacy Trust’s holdings in Valero Energy were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. increased its position in shares of Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 69 shares in the last quarter. Park Place Capital Corp increased its position in shares of Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after acquiring an additional 78 shares in the last quarter. Summit Financial LLC increased its position in shares of Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its position in shares of Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the subject of several recent research reports. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Evercore ISI upped their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Saturday, September 27th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Friday. Finally, Raymond James Financial upped their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.07.

Valero Energy Stock Down 2.6%

Valero Energy stock opened at $160.37 on Friday. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The firm has a 50 day moving average price of $151.24 and a 200-day moving average price of $136.94. The company has a market capitalization of $49.82 billion, a P/E ratio of 66.82, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same period in the prior year, the firm earned $2.71 EPS. The company’s revenue was down 13.3% compared to the same quarter last year. As a group, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio is currently 188.33%.

About Valero Energy

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.