Bank of New York Mellon Corp Has $387.45 Million Stake in Valero Energy Corporation (NYSE:VLO)

Bank of New York Mellon Corp trimmed its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,933,682 shares of the oil and gas company's stock after selling 104,309 shares during the period. Bank of New York Mellon Corp owned about 0.93% of Valero Energy worth $387,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. World Investment Advisors boosted its holdings in shares of 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 acquiring an additional 78 shares during the period. Providence Wealth Advisors LLC increased its stake in Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock valued at $1,086,000 after buying an additional 94 shares during the period. Field & Main Bank raised its position in shares of Valero Energy by 1.2% during the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 97 shares in the last quarter. 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 worth $674,000 after acquiring an additional 99 shares during the period. Finally, NDVR Inc. boosted its holdings in shares of Valero Energy by 6.1% in the fourth quarter. NDVR Inc. now owns 1,852 shares of the oil and gas company's stock valued at $227,000 after acquiring an additional 106 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 2.5%

Shares of VLO traded up $3.55 during mid-day trading on Tuesday, reaching $147.29. The company's stock had a trading volume of 1,822,715 shares, compared to its average volume of 3,364,290. The business has a fifty day moving average of $131.17 and a 200 day moving average of $128.40. The company has a market cap of $46.13 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $167.78. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same period last year, the company posted $3.82 earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. As a group, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VLO shares. Raymond James Financial upped their target price on Valero Energy from $150.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 30th. UBS Group upped their target price on Valero Energy from $150.00 to $164.00 and gave the stock a "buy" rating in a research report on Tuesday. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. Scotiabank cut their target price 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, JPMorgan Chase & Co. cut their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.75.

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.