Valero Energy Co. (NYSE:VLO) Shares Sold by Colonial Trust Co SC

Colonial Trust Co SC lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293 shares of the oil and gas company’s stock after selling 438 shares during the quarter. Colonial Trust Co SC’s holdings in Valero Energy were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors boosted its holdings in Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock valued at $530,000 after purchasing an additional 78 shares during the period. Segment Wealth Management LLC lifted its stake in shares of Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after buying an additional 81 shares during the period. Silver Coast Investments LLC grew its position 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 in the last quarter. Patrick M Sweeney & Associates Inc. increased its stake in Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its holdings 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 valued at $186,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $121.82 on Friday. The firm has a 50 day moving average of $120.24 and a 200-day moving average of $128.56. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $167.78. The stock has a market capitalization of $38.15 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98.

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

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy’s dividend payout ratio is presently 159.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Raymond James dropped their price objective on shares of 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. TD Cowen decreased their target price on shares of Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, The Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and increased their price target for the stock from $115.00 to $127.00 in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.80.

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.