Valero Energy Co. (NYSE:VLO) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its position in Valero Energy Co. (NYSE:VLO) by 46.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 698 shares of the oil and gas company’s stock after selling 596 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Valero Energy were worth $94,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. J. W. Coons Advisors LLC increased its stake in shares of Valero Energy by 0.8% in the 4th quarter. J. W. Coons Advisors LLC now owns 29,257 shares of the oil and gas company’s stock worth $3,803,000 after acquiring an additional 236 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Valero Energy by 62.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after acquiring an additional 5,209 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Valero Energy by 31.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,243 shares of the oil and gas company’s stock worth $4,452,000 after acquiring an additional 8,289 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Valero Energy by 1.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 35,546 shares of the oil and gas company’s stock worth $4,621,000 after acquiring an additional 570 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Valero Energy by 524.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 54,844 shares of the oil and gas company’s stock worth $7,130,000 after acquiring an additional 46,055 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VLO shares. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Barclays lowered their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday. Scotiabank increased their price target on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Mizuho lowered their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $165.20.

Valero Energy Stock Down 1.1 %

Valero Energy stock traded down $1.61 during trading on Friday, reaching $142.42. The stock had a trading volume of 2,913,957 shares, compared to its average volume of 3,028,215. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The business has a 50 day moving average price of $142.67 and a 200 day moving average price of $153.88. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The stock has a market cap of $46.57 billion, a PE ratio of 7.05, a P/E/G ratio of 3.35 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.40 earnings per share. On average, analysts predict that Valero Energy Co. will post 10.13 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

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.