Valero Energy Corporation (NYSE:VLO) Shares Sold by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. reduced its stake in Valero Energy by 62.7%, selling 3,507 shares and leaving them with 2,090 shares valued at approximately $276,000.
• Valero Energy recently reported earnings per share of $2.28, exceeding expectations, while its revenue for the quarter was $29.89 billion, down 13.3% year-over-year.
• The company announced a quarterly dividend of $1.13 per share, representing an annual yield of 3.18%, with a payout ratio of 159.72%.

Trilogy Capital Inc. cut its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 62.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,090 shares of the oil and gas company's stock after selling 3,507 shares during the quarter. Trilogy Capital Inc.'s holdings in Valero Energy were worth $276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLO. Norges Bank acquired a new position in Valero Energy during the fourth quarter worth $669,400,000. GAMMA Investing LLC lifted its stake in Valero Energy by 15,395.5% during the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock worth $179,047,000 after acquiring an additional 1,346,950 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Valero Energy during the 4th quarter worth about $98,376,000. Northern Trust Corp lifted its stake in Valero Energy by 15.9% during the 4th quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company's stock worth $472,077,000 after acquiring an additional 529,513 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Valero Energy by 22.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,864,418 shares of the oil and gas company's stock worth $351,151,000 after acquiring an additional 525,255 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLO has been the topic of several research reports. Evercore ISI started coverage on Valero Energy in a research note on Wednesday, June 18th. They set an "in-line" rating and a $135.00 target price on the stock. TD Cowen downgraded Valero Energy from a "buy" rating to a "hold" rating and increased their price objective for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. UBS Group increased their price objective on Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wolfe Research cut Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Barclays upped their target price on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $154.47.

Valero Energy Price Performance

Valero Energy stock traded down $3.80 during mid-day trading on Wednesday, hitting $140.93. 1,694,216 shares of the company were exchanged, compared to its average volume of 3,373,715. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The business's 50 day simple moving average is $138.11 and its two-hundred day simple moving average is $131.10. The company has a market capitalization of $44.14 billion, a P/E ratio of 58.76, a PEG ratio of 3.39 and a beta of 1.00. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $167.78.

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 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. Valero Energy's revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.71 earnings per share. Analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is currently 188.33%.

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.