US Bancorp DE Has $25.65 Million Stock Position in Valero Energy Corporation (NYSE:VLO)

Key Points

• US Bancorp DE decreased its holdings in Valero Energy Corporation by 3.3%, now owning approximately 194,221 shares valued at $25.65 million.
• Valero Energy's recent quarterly earnings beat analysts' expectations, reporting $2.28 EPS on revenue of $29.89 billion, despite a 13.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $1.13 per share, with a dividend yield of 3.4%, and a significantly high payout ratio of 188.33%.

US Bancorp DE reduced its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 3.3% in 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 194,221 shares of the oil and gas company's stock after selling 6,527 shares during the period. US Bancorp DE owned approximately 0.06% of Valero Energy worth $25,651,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the first quarter worth $26,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after buying an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy during the fourth quarter worth $29,000. Iron Horse Wealth Management LLC acquired a new position in shares of Valero Energy during the first quarter worth $44,000. Finally, Transce3nd LLC acquired a new position in shares of Valero Energy during the fourth quarter worth $58,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler upped their price target on shares of Valero Energy from $159.00 to $168.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Morgan Stanley upped their price target on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Raymond James Financial boosted their price objective on shares of Valero Energy from $155.00 to $172.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 15th. UBS Group boosted their price objective on shares of Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Scotiabank reduced their price objective on shares of 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. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.47.

Valero Energy Stock Performance

Shares of VLO opened at $133.17 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $41.71 billion, a P/E ratio of 55.49, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. The firm's fifty day simple moving average is $138.61 and its two-hundred day simple moving average is $131.13. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $155.12.

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

Valero Energy Announces Dividend

The business 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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

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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