Bank of Montreal Can Sells 5,236 Shares of Valero Energy Co. (NYSE:VLO)

Bank of Montreal Can reduced its position in Valero Energy Co. (NYSE:VLO) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 909,547 shares of the oil and gas company’s stock after selling 5,236 shares during the quarter. Bank of Montreal Can owned about 0.28% of Valero Energy worth $142,690,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MGO One Seven LLC increased its position in shares of Valero Energy by 198.8% during the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock valued at $2,159,000 after purchasing an additional 11,047 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Valero Energy in the second quarter valued at approximately $15,945,000. CIBC Private Wealth Group LLC boosted its stake in shares of Valero Energy by 62.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock valued at $1,766,000 after purchasing an additional 5,209 shares during the period. Bollard Group LLC grew its holdings in shares of Valero Energy by 0.8% in the fourth quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock worth $7,666,000 after purchasing an additional 440 shares during the last quarter. Finally, Annex Advisory Services LLC raised its holdings in Valero Energy by 12.7% during the 4th quarter. Annex Advisory Services LLC now owns 56,167 shares of the oil and gas company’s stock valued at $7,302,000 after buying an additional 6,332 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VLO. Scotiabank raised their target price on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Wells Fargo & Company lifted their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 3rd. Wolfe Research began coverage on Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target for the company. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $169.00 to $123.00 in a report on Friday. Finally, StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.07.

Valero Energy Trading Up 0.5 %

VLO stock opened at $135.18 on Tuesday. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 2.72 and a beta of 1.40. The business has a 50 day simple moving average of $145.14 and a two-hundred day simple moving average of $155.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (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 analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.40 EPS. Research analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.17%. Valero Energy’s dividend payout ratio is currently 21.20%.

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.