Bank of Hawaii Acquires Shares of 1,958 Valero Energy Corporation $VLO

Key Points

• Bank of Hawaii has acquired a new position in Valero Energy Corporation, purchasing 1,958 shares valued at approximately $259,000.
• Valero Energy's quarterly earnings surpassed analysts' expectations, reporting $2.28 earnings per share compared to the estimated $1.66, although revenue decreased by 13.3% year-over-year.
• The company recently announced a quarterly dividend of $1.13 per share, resulting in an annual yield of 3.1%, with a payout ratio of 188.33%.

Bank of Hawaii bought a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,958 shares of the oil and gas company's stock, valued at approximately $259,000.

Other large investors have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new position in Valero Energy during the fourth quarter worth $1,138,000. Berger Financial Group Inc lifted its stake in Valero Energy by 13.8% during the fourth quarter. Berger Financial Group Inc now owns 6,584 shares of the oil and gas company's stock worth $807,000 after purchasing an additional 796 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Valero Energy by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 711,291 shares of the oil and gas company's stock worth $87,196,000 after purchasing an additional 4,024 shares in the last quarter. Northern Trust Corp lifted its stake in Valero Energy by 15.9% during the fourth quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company's stock worth $472,077,000 after purchasing an additional 529,513 shares in the last quarter. Finally, Navigoe LLC acquired a new position in Valero Energy during the fourth quarter worth $612,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.7%

Shares of VLO stock traded up $1.11 on Friday, reaching $152.27. 2,242,681 shares of the stock were exchanged, compared to its average volume of 3,239,750. The stock has a market cap of $47.30 billion, a P/E ratio of 63.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $141.34 and a two-hundred day moving average of $131.29. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same period in the prior year, the firm posted $2.71 EPS. The business's revenue for the quarter was down 13.3% on a year-over-year basis. On average, research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is currently 188.33%.

Analyst Upgrades and Downgrades

VLO has been the topic of several analyst reports. Morgan Stanley increased their price objective on Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Barclays lifted their target price on Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Mizuho lifted their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and raised their price target for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Finally, Piper Sandler lifted their price objective on Valero Energy from $159.00 to $168.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.47.

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.