Intrust Bank NA Has $1.88 Million Stock Position in Valero Energy Corporation $VLO

Intrust Bank NA reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,968 shares of the oil and gas company’s stock after selling 307 shares during the period. Intrust Bank NA’s holdings in Valero Energy were worth $1,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VLO. Hoey Investments Inc. bought a new stake in Valero Energy during the 2nd quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in Valero Energy in the 2nd quarter valued at $27,000. Hazlett Burt & Watson Inc. lifted its holdings in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Hantz Financial Services Inc. grew its position in Valero Energy by 1,277.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 230 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in shares of Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 95 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLO shares. Erste Group Bank initiated coverage on shares of Valero Energy in a research note on Monday, November 10th. They set a “buy” rating for the company. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.00.

Valero Energy Trading Up 3.3%

VLO opened at $181.63 on Monday. The firm has a market capitalization of $55.40 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $183.93. The company’s 50 day moving average price is $166.75 and its two-hundred day moving average price is $147.82.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.51. The firm had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. As a group, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s payout ratio is presently 94.36%.

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.