MassMutual Private Wealth & Trust FSB Sells 4,793 Shares of Valero Energy Corporation $VLO

Key Points

• MassMutual Private Wealth & Trust FSB sold 4,793 shares of Valero Energy Corporation, reducing its stake by 12.3%. The fund's remaining holdings are valued at approximately $4.59 million.
• Research analysts have mixed opinions on Valero Energy, with Piper Sandler raising its price target from $171 to $200, while Citigroup downgraded its rating from "buy" to "neutral" with a price target increase to $150.
• Valero Energy announced a quarterly dividend of $1.13, representing an annualized payout of $4.52 and a dividend yield of 2.8%, despite a high payout ratio of 188.33%.

MassMutual Private Wealth & Trust FSB lessened its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,152 shares of the oil and gas company's stock after selling 4,793 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Valero Energy were worth $4,591,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its holdings in shares of Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock valued at $2,959,000 after purchasing an additional 3,503 shares during the last quarter. Hancock Whitney Corp increased its stake in Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock valued at $6,138,000 after buying an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Valero Energy in the first quarter valued at about $766,000. Sendero Wealth Management LLC increased its position in shares of Valero Energy by 11.0% in the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock valued at $2,668,000 after acquiring an additional 2,000 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Valero Energy during the 1st quarter worth approximately $866,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VLO shares. Evercore ISI upped their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research report on Friday. Citigroup cut Valero Energy from a "buy" rating to a "neutral" rating and increased their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Wolfe Research lowered shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, TD Cowen cut shares of Valero Energy from a "buy" rating to a "hold" rating and increased their price target for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.80.

Valero Energy Stock Down 0.8%

Shares of VLO traded down $1.30 during trading hours on Friday, reaching $162.55. 8,119,393 shares of the stock traded hands, compared to its average volume of 2,495,504. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $146.45 and a 200 day simple moving average of $134.00. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $165.65. The company has a market cap of $50.50 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 1.77 and a beta of 1.10.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $2.71 earnings per share. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

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.