Whittier Trust Co. Has $45.77 Million Stock Holdings in Valero Energy Corporation $VLO

Whittier Trust Co. reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,364 shares of the oil and gas company’s stock after selling 25,740 shares during the period. Whittier Trust Co.’s holdings in Valero Energy were worth $45,767,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC raised its holdings in shares of Valero Energy by 27.3% during the first quarter. Bogart Wealth LLC now owns 1,185 shares of the oil and gas company’s stock worth $293,000 after acquiring an additional 254 shares in the last quarter. DGS Capital Management LLC purchased a new position in Valero Energy in the first quarter valued at about $214,000. Ascentis Independent Advisors increased its position in Valero Energy by 49.3% in the 1st quarter. Ascentis Independent Advisors now owns 3,470 shares of the oil and gas company’s stock worth $858,000 after purchasing an additional 1,146 shares during the last quarter. Berger Financial Group Inc raised its stake in shares of Valero Energy by 557.9% during the 1st quarter. Berger Financial Group Inc now owns 39,715 shares of the oil and gas company’s stock worth $9,813,000 after purchasing an additional 33,678 shares in the last quarter. Finally, NBT Bank N A NY lifted its holdings in shares of Valero Energy by 28.9% during the 1st quarter. NBT Bank N A NY now owns 597 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 134 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VLO. TD Cowen increased their price objective on Valero Energy from $276.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, June 29th. Mizuho boosted their target price on shares of Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. BMO Capital Markets upped their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Citigroup increased their target price on shares of Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $247.59.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This trade represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.

Valero Energy Stock Up 0.1%

Shares of Valero Energy stock opened at $267.99 on Monday. The stock has a market capitalization of $79.57 billion, a P/E ratio of 19.48, a PEG ratio of 0.37 and a beta of 0.55. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $249.73 and a two-hundred day moving average price of $221.00. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $274.92.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter last year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts expect that Valero Energy Corporation will post 28.37 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st were paid a $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Valero Energy 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.