Community Bank & Trust Waco Texas Acquires 340 Shares of Valero Energy Corporation $VLO

Community Bank & Trust Waco Texas lifted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 58,308 shares of the oil and gas company’s stock after acquiring an additional 340 shares during the period. Valero Energy makes up about 1.8% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 16th biggest position. Community Bank & Trust Waco Texas’ holdings in Valero Energy were worth $7,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. Parallel Advisors LLC lifted its holdings in shares of Valero Energy by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 4,475 shares of the oil and gas company’s stock worth $591,000 after acquiring an additional 564 shares during the period. Czech National Bank lifted its holdings in Valero Energy by 5.9% during the 1st quarter. Czech National Bank now owns 72,714 shares of the oil and gas company’s stock valued at $9,603,000 after purchasing an additional 4,072 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Valero Energy by 25.4% during the 1st quarter. Fiduciary Alliance LLC now owns 3,818 shares of the oil and gas company’s stock valued at $504,000 after purchasing an additional 774 shares during the last quarter. NBC Securities Inc. lifted its holdings in Valero Energy by 102,500.0% during the 1st quarter. NBC Securities Inc. now owns 4,104 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Valero Energy by 101.2% during the 1st quarter. Merit Financial Group LLC now owns 13,849 shares of the oil and gas company’s stock valued at $1,829,000 after purchasing an additional 6,966 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 1.1%

VLO opened at $170.30 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $52.90 billion, a PE ratio of 70.96, a PEG ratio of 1.81 and a beta of 1.10. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The firm has a 50-day moving average price of $150.00 and a two-hundred day moving average price of $136.29.

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

Valero Energy Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.7%. Valero Energy’s payout ratio is currently 188.33%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several analyst reports. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Raymond James Financial lifted their price target on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 9th. TD Cowen downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and lifted their price target for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Evercore ISI lifted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average price target of $165.00.

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.