Stock Yards Bank & Trust Co. Sells 800 Shares of Valero Energy Corporation $VLO

Stock Yards Bank & Trust Co. lowered its position in Valero Energy Corporation (NYSE:VLO) by 29.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,892 shares of the oil and gas company’s stock after selling 800 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Valero Energy were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the second quarter worth $26,000. Wayfinding Financial LLC bought a new position in Valero Energy during the 1st quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after buying an additional 130 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Valero Energy in the 1st quarter valued at about $43,000. Finally, Iron Horse Wealth Management LLC acquired a new stake in shares of Valero Energy in the first quarter valued at about $44,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VLO shares. Piper Sandler lifted their price objective on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.07.

Valero Energy Stock Performance

NYSE:VLO opened at $160.37 on Monday. 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 Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a fifty day moving average of $151.24 and a 200-day moving average of $136.96. The firm 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.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping 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 business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same period last year, the company posted $2.71 earnings per share. The business’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

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

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.