First National Bank of Mount Dora Trust Investment Services Has $1.10 Million Stock Position in Valero Energy Co. (NYSE:VLO)

First National Bank of Mount Dora Trust Investment Services lowered its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 71.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,341 shares of the oil and gas company's stock after selling 21,163 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Valero Energy were worth $1,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors raised its position 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 valued at $530,000 after buying an additional 78 shares during the period. Silver Coast Investments LLC increased its stake in shares of Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after purchasing an additional 94 shares during the last quarter. Providence Wealth Advisors LLC lifted its stake 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 valued at $1,086,000 after acquiring an additional 94 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in shares of Valero Energy by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock valued at $674,000 after purchasing an additional 99 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLO has been the subject of several recent analyst reports. Raymond James decreased their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. UBS Group cut their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. TD Cowen dropped their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Mizuho boosted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $151.93.

Valero Energy Price Performance

VLO traded up $3.64 during trading on Tuesday, hitting $131.90. The company's stock had a trading volume of 2,150,594 shares, compared to its average volume of 3,032,636. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $41.31 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. The firm's 50 day moving average price is $120.21 and its two-hundred day moving average price is $127.57. Valero Energy Co. 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, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio is 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.