Valero Energy Co. (NYSE:VLO) Stock Holdings Increased by Farmers Trust Co.

Farmers Trust Co. increased its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 1,019.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,148 shares of the oil and gas company's stock after purchasing an additional 28,365 shares during the quarter. Farmers Trust Co.'s holdings in Valero Energy were worth $4,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLO. New Wave Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in shares of Valero Energy in the 4th quarter valued at about $29,000. Tobam purchased a new position in shares of Valero Energy in the 4th quarter valued at about $30,000. Golden State Wealth Management LLC purchased a new position in shares of Valero Energy in the 4th quarter valued at about $38,000. Finally, OFI Invest Asset Management purchased a new position in shares of Valero Energy in the 4th quarter valued at about $37,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Valero Energy stock traded down $0.36 during mid-day trading on Friday, hitting $128.80. 3,870,512 shares of the company were exchanged, compared to its average volume of 3,028,768. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business's 50 day simple moving average is $120.80 and its two-hundred day simple moving average is $128.29. The company has a market capitalization of $40.34 billion, a P/E ratio of 15.19, a PEG ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio is presently 159.72%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler dropped their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. UBS Group decreased their target price on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Scotiabank decreased their target price 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. Wells Fargo & Company decreased their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price 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. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently 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.