Bank of Jackson Hole Trust Sells 129 Shares of Valero Energy Corporation $VLO

Bank of Jackson Hole Trust lessened its position in shares of Valero Energy Corporation (NYSE:VLO) by 17.8% during the second quarter, HoldingsChannel.com reports. The fund owned 594 shares of the oil and gas company’s stock after selling 129 shares during the period. Bank of Jackson Hole Trust’s holdings in Valero Energy were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. Wayfinding Financial LLC bought a new stake in Valero Energy during the 1st quarter worth approximately $26,000. Hoey Investments Inc. bought a new stake in Valero Energy during the 2nd quarter worth approximately $26,000. GFG Capital LLC bought a new stake in Valero Energy during the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. increased 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 worth $28,000 after acquiring an additional 130 shares during the period. Finally, Hemington Wealth Management grew its stake in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after buying an additional 95 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 0.7%

NYSE:VLO opened at $170.55 on Thursday. The company has a fifty day moving average of $160.97 and a 200 day moving average of $142.30. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $52.98 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.77 and a beta of 1.05.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be issued a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.7%. Valero Energy’s dividend payout ratio is 94.36%.

Wall Street Analyst Weigh In

A number of research firms have commented on VLO. UBS Group reissued a “buy” rating and issued a $183.00 price target on shares of Valero Energy in a research note on Friday, October 24th. TD Cowen boosted their price target on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Jefferies Financial Group boosted their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Piper Sandler boosted their price target on shares of Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $179.27.

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.