Valero Energy Corporation $VLO Stock: Bokf Na Reduces Position

Key Points

• Bokf Na reduced its Valero Energy stake by 17.8% in the third quarter, selling 10,132 shares and retaining 46,846 shares valued at approximately $18.2 million. Institutional investors still own 78.69% of the company.
• Valero reported strong quarterly results, with EPS of $23.90 versus the $21.17 consensus and revenue of $46.10 billion versus estimates of $42.71 billion. Revenue increased 43.3% year over year.
• The company maintained its $1.20 quarterly dividend, equivalent to $4.80 annually and a 1.2% yield. Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $379.94.

Bokf Na reduced its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,846 shares of the oil and gas company's stock after selling 10,132 shares during the period. Bokf Na's holdings in Valero Energy were worth $18,158,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC increased its position in shares of Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company's stock valued at $26,000 after buying an additional 102 shares during the period. Cornerstone Financial Management LLC grew its stake in Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company's stock worth $27,000 after buying an additional 38 shares in the last quarter. Financial Life Planners purchased a new position in shares of Valero Energy during the 1st quarter valued at about $28,000. Valued Wealth Advisors LLC grew its stake in shares of Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company's stock valued at $29,000 after buying an additional 67 shares during the last quarter. Finally, Balance Wealth Partners LLC purchased a new stake in shares of Valero Energy during the third quarter valued at approximately $32,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.3%

VLO stock opened at $388.39 on Thursday. The company has a market cap of $111.83 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.24 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The business's 50-day moving average is $395.69 and its two-hundred day moving average is $282.96. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. The business's quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.66 EPS. As a group, analysts forecast that Valero Energy Corporation will post 56.78 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Valero Energy's dividend payout ratio (DPR) is presently 10.80%.

Wall Street Analyst Weigh In

VLO has been the topic of several research analyst reports. Freedom Broker cut Valero Energy from a "hold" rating to a "sell" rating and set a $276.00 target price on the stock. in a research note on Friday, October 23rd. Jefferies Financial Group cut their target price on Valero Energy from $401.00 to $394.00 and set a "hold" rating on the stock in a research note on Thursday, October 8th. Weiss Ratings upgraded shares of Valero Energy from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Erste Group Bank cut shares of Valero Energy from a "buy" rating to a "hold" rating in a report on Thursday, August 27th. Finally, Wells Fargo & Company increased their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the company an "overweight" rating in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.94.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero maintained its quarterly dividend at $1.20 per share, payable December 21 to shareholders of record November 24. The annualized payout is $4.80 per share, supporting the stock’s income appeal. Valero dividend announcement
• Positive Sentiment: Valero’s latest earnings were exceptionally strong, with quarterly EPS of approximately $23.90 beating consensus and revenue exceeding estimates. The results represented a substantial improvement from the prior-year period, indicating powerful refining economics. Refiner stocks selloff article
• Positive Sentiment: Zacks recently included VLO among its Rank #1 growth stocks, citing strong momentum, earnings surprises and growth projections. Zacks growth stocks article

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company's primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.

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