Atlantic Union Bankshares Corp Has $2.14 Million Stake in Valero Energy Co. (NYSE:VLO)

Atlantic Union Bankshares Corp raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 21.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,548 shares of the oil and gas company’s stock after purchasing an additional 2,174 shares during the period. Atlantic Union Bankshares Corp’s holdings in Valero Energy were worth $2,142,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VLO. Norges Bank bought a new position in shares of Valero Energy during the 4th quarter worth approximately $570,428,000. International Assets Investment Management LLC lifted its position in shares of Valero Energy by 12,883.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after buying an additional 1,039,293 shares in the last quarter. Morgan Stanley lifted its position in shares of Valero Energy by 6.1% during the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after buying an additional 517,068 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its position in shares of Valero Energy by 18.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock worth $310,655,000 after buying an additional 376,449 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after buying an additional 342,218 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 1.8 %

VLO opened at $156.77 on Friday. The company has a fifty day moving average price of $157.35 and a 200-day moving average price of $150.09. The firm has a market capitalization of $51.26 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a one year low of $112.16 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS 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 firm 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. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts expect that Valero Energy Co. will post 16.09 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were given a $1.07 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $4.28 annualized dividend and a yield of 2.73%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. The Goldman Sachs Group lifted their price target on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 23rd. Finally, Scotiabank lifted their price target on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

Insider Buying and Selling

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the sale, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.

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.