Wesbanco Bank Inc. Has $2.93 Million Stock Position in Valero Energy Corporation $VLO

Wesbanco Bank Inc. reduced its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,851 shares of the oil and gas company’s stock after selling 2,118 shares during the period. Wesbanco Bank Inc.’s holdings in Valero Energy were worth $2,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after acquiring an additional 209,597 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of Valero Energy by 33.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after acquiring an additional 10,634 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Valero Energy in the fourth quarter worth about $954,000. CWA Asset Management Group LLC raised its position in shares of Valero Energy by 359.0% during the fourth quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 11,140 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Valero Energy during the 3rd quarter valued at about $3,249,000. Institutional investors own 78.69% of the company’s stock.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $236.90, for a total value of $1,776,750.00. Following the completion of the transaction, the senior vice president owned 27,242 shares in the company, valued at $6,453,629.80. This trade represents a 21.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.

Valero Energy Price Performance

Shares of VLO opened at $259.05 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $265.61. The stock has a market capitalization of $76.92 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.37 and a beta of 0.55. The company has a 50 day moving average of $246.28 and a 200-day moving average of $217.36.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts forecast that Valero Energy Corporation will post 27.45 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, May 21st. Valero Energy’s dividend payout ratio is currently 34.88%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. The Goldman Sachs Group lifted their price target on shares of Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Zacks Research downgraded shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. BMO Capital Markets raised their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Citigroup upped their target price on shares of Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.59.

Check Out Our Latest Stock Analysis on VLO

About Valero Energy

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

Further Reading

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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