US Bancorp DE Sells 3,308 Shares of Valero Energy Corporation $VLO

US Bancorp DE lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 185,945 shares of the oil and gas company’s stock after selling 3,308 shares during the period. US Bancorp DE’s holdings in Valero Energy were worth $31,659,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Waddell & Associates LLC raised its holdings in Valero Energy by 2.8% in the 3rd quarter. Waddell & Associates LLC now owns 2,040 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 56 shares in the last quarter. DSG Capital Advisors LLC grew its holdings in shares of Valero Energy by 1.6% during the 3rd quarter. DSG Capital Advisors LLC now owns 3,803 shares of the oil and gas company’s stock worth $647,000 after purchasing an additional 60 shares in the last quarter. Cypress Capital Group increased its position in shares of Valero Energy by 0.3% during the third quarter. Cypress Capital Group now owns 18,786 shares of the oil and gas company’s stock valued at $3,199,000 after purchasing an additional 63 shares during the period. Private Trust Co. NA raised its stake in shares of Valero Energy by 2.0% in the third quarter. Private Trust Co. NA now owns 3,381 shares of the oil and gas company’s stock valued at $576,000 after purchasing an additional 65 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its stake in shares of Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VLO. Piper Sandler boosted their price target on shares of Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Bank of America reiterated a “neutral” rating and set a $195.00 target price (down from $198.00) on shares of Valero Energy in a research report on Thursday, December 11th. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Morgan Stanley raised their price target on shares of Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 27th. Finally, UBS Group reiterated a “buy” rating on shares of Valero Energy in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $187.67.

Valero Energy Stock Up 0.3%

Shares of VLO opened at $204.49 on Friday. The company has a market capitalization of $62.37 billion, a P/E ratio of 26.77, a PEG ratio of 1.06 and a beta of 0.77. Valero Energy Corporation has a one year low of $99.00 and a one year high of $206.77. The business’s 50 day simple moving average is $185.80 and its 200-day simple moving average is $171.70. 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 (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.34% and a net margin of 1.91%.The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. As a group, sell-side analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Thursday, February 5th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.80 dividend on an annualized basis and a yield of 2.3%. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s payout ratio is currently 62.83%.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.