First National Bank of Mount Dora Trust Investment Services Sells 21,163 Shares of Valero Energy Co. (NYSE:VLO)

First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 71.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,341 shares of the oil and gas company's stock after selling 21,163 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in Valero Energy were worth $1,102,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors raised its stake in Valero Energy by 1.8% during 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. Silver Coast Investments LLC raised its stake in Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after buying an additional 83 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after buying an additional 94 shares during the last quarter. Providence Wealth Advisors LLC raised its stake in Valero Energy by 1.1% during 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. Finally, KCM Investment Advisors LLC increased its holdings in Valero Energy by 1.8% in the fourth 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. Institutional investors own 78.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VLO shares. Mizuho lifted their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Scotiabank lowered their target price on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley decreased their price target on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Barclays upped their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $151.93.

Valero Energy Stock Performance

NYSE VLO traded up $0.54 on Friday, hitting $134.04. 3,758,276 shares of the stock traded hands, compared to its average volume of 3,034,577. The business's fifty day moving average is $121.69 and its two-hundred day moving average is $127.60. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $3.82 earnings per share. As a group, equities analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.37%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.

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.