Raiffeisen Bank International AG Sells 2,833 Shares of Valero Energy Corporation (NYSE:VLO)

Key Points

• Raiffeisen Bank International AG decreased its stake in Valero Energy Corporation by 73.0%, now holding 1,050 shares after selling 2,833 shares in the first quarter.
• Valero Energy reported an earnings per share (EPS) of $2.28, surpassing estimates of $1.66, despite a 13.3% year-over-year revenue decline.
• The company has announced a quarterly dividend of $1.13 per share, with a yield of 3.3%, indicating a current dividend payout ratio of 188.33%.

Raiffeisen Bank International AG decreased its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 73.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,050 shares of the oil and gas company's stock after selling 2,833 shares during the quarter. Raiffeisen Bank International AG's holdings in Valero Energy were worth $138,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VLO. Wayfinding Financial LLC purchased a new position in Valero Energy during the first quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. raised its position in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 130 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Valero Energy during the 4th quarter valued at $29,000. Iron Horse Wealth Management LLC bought a new position in Valero Energy in the 1st quarter worth $44,000. Finally, Transce3nd LLC purchased a new stake in Valero Energy in the 4th quarter worth $58,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of NYSE:VLO traded down $0.89 on Thursday, reaching $132.57. The company's stock had a trading volume of 2,060,061 shares, compared to its average volume of 3,124,334. The company has a 50-day simple moving average of $139.06 and a 200 day simple moving average of $131.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The company has a market cap of $41.18 billion, a P/E ratio of 55.24, a PEG ratio of 3.13 and a beta of 1.03. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $155.12.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same quarter last year, the business posted $2.71 earnings per share. The firm's revenue was down 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is presently 188.33%.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLO shares. Wells Fargo & Company boosted their price objective on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Citigroup cut Valero Energy from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Scotiabank dropped their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. UBS Group lifted their price objective on shares of Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Mizuho upped their target price on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and a consensus target price of $154.47.

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.