Diversified Trust Co Decreases Stock Position in Valero Energy Corporation (NYSE:VLO)

Diversified Trust Co reduced its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 26.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,261 shares of the oil and gas company's stock after selling 6,786 shares during the quarter. Diversified Trust Co's holdings in Valero Energy were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. World Investment Advisors raised its position in shares of Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after acquiring an additional 78 shares in the last quarter. Silver Coast Investments LLC raised its position in shares of Valero Energy by 1.7% in the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares in the last quarter. Providence Wealth Advisors LLC increased its position in Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock valued at $1,086,000 after buying an additional 94 shares in the last quarter. Field & Main Bank increased its position in Valero Energy by 1.2% during the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 97 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its position in Valero Energy by 1.8% during the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock valued at $674,000 after buying an additional 99 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VLO shares. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Raymond James Financial reduced their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Piper Sandler reduced their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Three equities research 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 MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and an average price target of $150.88.

Valero Energy Stock Performance

Shares of VLO opened at $134.76 on Friday. The business's fifty day simple moving average is $127.81 and its two-hundred day simple moving average is $127.70. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $167.78. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 47.62, a P/E/G ratio of 2.39 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $3.82 earnings per share. Research analysts anticipate that Valero Energy Corporation 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 was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were paid a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.35%. Valero Energy's dividend payout ratio (DPR) is currently 159.72%.

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.

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