Silver Oak Securities Incorporated Has $280,000 Stake in Valero Energy Corporation (NYSE:VLO)

Silver Oak Securities Incorporated decreased its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129 shares of the oil and gas company's stock after selling 1,919 shares during the period. Silver Oak Securities Incorporated's holdings in Valero Energy were worth $280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors grew its position in Valero Energy by 1.8% in the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after buying an additional 78 shares during the last quarter. Providence Wealth Advisors LLC grew its position in Valero Energy by 1.1% in the fourth quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after buying an additional 94 shares during the last quarter. Field & Main Bank grew its position in Valero Energy by 1.2% in the first quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 97 shares during the last quarter. KCM Investment Advisors LLC grew 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 worth $674,000 after purchasing an additional 99 shares in the last quarter. Finally, NDVR Inc. grew its position in Valero Energy by 6.1% during the 4th quarter. NDVR Inc. now owns 1,852 shares of the oil and gas company's stock worth $227,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VLO shares. Piper Sandler lowered their price objective on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. UBS Group lowered their price objective on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Evercore ISI started coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price objective on the stock. TD Cowen lowered their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley lowered their price objective on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.88.

Valero Energy Stock Down 0.5%

Shares of VLO stock traded down $0.70 on Monday, hitting $143.88. The company's stock had a trading volume of 2,537,476 shares, compared to its average volume of 3,055,702. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $167.78. The firm's fifty day moving average price is $130.58 and its 200-day moving average price is $128.22. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 50.84, a P/E/G ratio of 2.50 and a beta of 1.00.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 EPS. Research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is 159.72%.

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.