Central Pacific Bank Trust Division Raises Stake in Valero Energy Co. (NYSE:VLO)

Central Pacific Bank Trust Division grew its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 315.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,897 shares of the oil and gas company's stock after buying an additional 2,199 shares during the quarter. Central Pacific Bank Trust Division's holdings in Valero Energy were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. New Wave Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in Valero Energy during the fourth quarter valued at $29,000. Tobam purchased a new position in shares of Valero Energy during the 4th quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in Valero Energy in the 4th quarter worth about $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Valero Energy during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Trading Down 3.8%

Shares of NYSE:VLO traded down $4.98 on Wednesday, hitting $125.97. The company had a trading volume of 2,313,906 shares, compared to its average volume of 3,023,251. The firm's 50-day simple moving average is $120.63 and its two-hundred day simple moving average is $128.07. The firm has a market capitalization of $39.45 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 2.93 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The company had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same quarter last year, the business earned $3.82 earnings per share. The business's quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.59%. Valero Energy's payout ratio is 159.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen decreased their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Mizuho lifted their price target on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, UBS Group cut their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $151.93.

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.