BankPlus Trust Department Buys 1,634 Shares of Valero Energy Corporation $VLO

Key Points

• BankPlus Trust Department increased its stake in Valero Energy Corporation by 11.6% in Q2, acquiring an additional 1,634 shares, bringing their total holdings to 15,712 shares valued at $2,112,000.
• Valero Energy reported an EPS of $2.28 for the last quarter, significantly exceeding analysts' expectations by $0.62, though revenue decreased year-over-year.
• The company declared a quarterly dividend of $1.13 per share, reflecting a 2.8% yield, with a payout ratio of 188.33% as of its latest financial disclosure.

BankPlus Trust Department raised its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 11.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 15,712 shares of the oil and gas company's stock after purchasing an additional 1,634 shares during the period. BankPlus Trust Department's holdings in Valero Energy were worth $2,112,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Valero Energy in the first quarter worth about $26,000. Hoey Investments Inc. bought a new position in shares of Valero Energy in the second quarter worth about $26,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 130 shares during the period. Hemington Wealth Management boosted its stake in shares of Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 95 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of Valero Energy in the first quarter worth about $43,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Trading Down 0.2%

Shares of NYSE VLO opened at $163.13 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The business's 50 day moving average price is $151.99 and its 200-day moving average price is $137.36. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The company has a market cap of $50.68 billion, a price-to-earnings ratio of 67.97, a PEG ratio of 1.73 and a beta of 1.05.

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 the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business posted $2.71 EPS. On average, sell-side analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's dividend payout ratio (DPR) is presently 188.33%.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. UBS Group boosted their target price on Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Barclays boosted their target price on Valero Energy from $151.00 to $169.00 and gave the stock an "overweight" rating in a research report on Tuesday. TD Cowen downgraded Valero Energy from a "buy" rating to a "hold" rating and boosted their target price for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Finally, Wolfe Research downgraded Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Valero Energy has an average rating of "Moderate Buy" and a consensus target price of $168.07.

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.

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