US Bancorp DE Has $25.44 Million Stock Position in Valero Energy Corporation $VLO

Key Points

• US Bancorp DE has reduced its holdings in Valero Energy Corporation by 2.6%, now owning 189,253 shares valued at approximately $25.44 million.
• Valero Energy reported $2.28 EPS for the last quarter, exceeding estimates, but its quarterly revenue declined by 13.3% year-over-year.
• The company recently declared a quarterly dividend of $1.13 per share, representing a dividend yield of 2.9% with a payout ratio of 188.33%.

US Bancorp DE lowered its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,253 shares of the oil and gas company's stock after selling 4,968 shares during the quarter. US Bancorp DE owned 0.06% of Valero Energy worth $25,439,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VLO. Wayfinding Financial LLC acquired a new position in Valero Energy during the 1st quarter worth approximately $26,000. Hoey Investments Inc. acquired a new position in Valero Energy during the 2nd quarter worth approximately $26,000. Hazlett Burt & Watson Inc. boosted its position in 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 worth $28,000 after acquiring an additional 130 shares during the last quarter. Hemington Wealth Management boosted its position in Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 95 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Valero Energy during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 2.4%

Shares of Valero Energy stock opened at $158.19 on Friday. The business has a fifty day simple moving average of $153.45 and a two-hundred day simple moving average of $137.92. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a market capitalization of $49.14 billion, a price-to-earnings ratio of 65.91, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same quarter last year, the firm posted $2.71 EPS. The company's quarterly revenue was down 13.3% on a year-over-year basis. Research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy's dividend payout ratio (DPR) is currently 188.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James Financial increased their price objective on Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 9th. Morgan Stanley downgraded Valero Energy from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Evercore ISI increased their price objective on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a report on Friday, September 19th. Barclays increased their price objective on Valero Energy from $151.00 to $169.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Piper Sandler increased their price objective on Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and an average price target of $169.80.

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.

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