Oakworth Capital Inc. Has $12.15 Million Stock Position in Valero Energy Corporation (NYSE:VLO)

Oakworth Capital Inc. raised its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 12.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 92,021 shares of the oil and gas company's stock after purchasing an additional 10,283 shares during the period. Valero Energy makes up approximately 0.8% of Oakworth Capital Inc.'s portfolio, making the stock its 25th biggest holding. Oakworth Capital Inc.'s holdings in Valero Energy were worth $12,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VLO. Norges Bank purchased a new position in shares of Valero Energy in the fourth quarter valued at $669,400,000. Vanguard Group Inc. increased its position in shares of Valero Energy by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock valued at $4,257,024,000 after buying an additional 4,805,133 shares during the period. GAMMA Investing LLC lifted its position in Valero Energy by 15,395.5% during the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock valued at $179,047,000 after buying an additional 1,346,950 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Valero Energy in the 4th quarter worth approximately $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Valero Energy during the 4th quarter valued at about $98,376,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 1.0%

VLO opened at $137.04 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $167.78. The company has a fifty day moving average of $127.32 and a two-hundred day moving average of $127.69. The stock has a market capitalization of $42.92 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 2.37 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 for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same quarter last year, the company earned $3.82 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

Analyst Ratings Changes

A number of analysts have commented on VLO shares. Morgan Stanley reduced their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Piper Sandler decreased their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Mizuho upped their price target on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Raymond James Financial lowered their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Scotiabank dropped their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus price target of $150.88.

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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