First Hawaiian Bank Has $229,000 Position in Valero Energy Co. (NYSE:VLO)

First Hawaiian Bank decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,340 shares of the oil and gas company’s stock after selling 304 shares during the period. First Hawaiian Bank’s holdings in Valero Energy were worth $229,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new stake in shares of Valero Energy in the 4th quarter worth about $26,000. Wetzel Investment Advisors Inc. bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new position in shares of Valero Energy during the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC grew its holdings in Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock worth $43,000 after buying an additional 87 shares in the last quarter. Finally, DT Investment Partners LLC purchased a new stake in Valero Energy in the 4th quarter valued at $45,000. 78.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kimberly S. Greene sold 720 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the sale, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $150.21 on Friday. The company has a 50-day moving average price of $158.64 and a two-hundred day moving average price of $149.20. Valero Energy Co. has a twelve month low of $108.28 and a twelve month high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $49.12 billion, a PE ratio of 7.44, a P/E/G ratio of 1.47 and a beta of 1.47.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same period in the previous year, the business earned $8.27 EPS. Valero Energy’s revenue was down 12.8% compared to the same quarter last year. Equities analysts forecast that Valero Energy Co. will post 17.32 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be issued a dividend of $1.07 per share. The ex-dividend date is Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a yield of 2.85%. Valero Energy’s dividend payout ratio (DPR) is 21.20%.

Analyst Ratings Changes

VLO has been the topic of a number of analyst reports. TD Cowen cut their price objective on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Piper Sandler decreased their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. The Goldman Sachs Group boosted their target price on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Wells Fargo & Company decreased their price target on Valero Energy from $184.00 to $179.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.00.

Valero Energy 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.