First National Trust Co Lowers Stock Position in Valero Energy Co. (NYSE:VLO)

First National Trust Co reduced its position in Valero Energy Co. (NYSE:VLO - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,433 shares of the oil and gas company's stock after selling 9,414 shares during the period. First National Trust Co's holdings in Valero Energy were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its stake in shares of Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock valued at $14,751,000 after purchasing an additional 455 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at $1,226,000. Hudson Capital Management LLC raised its position in Valero Energy by 6.5% during the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock worth $3,897,000 after acquiring an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth $274,000. Finally, Captrust Financial Advisors raised its position in Valero Energy by 7.5% during the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company's stock worth $12,121,000 after acquiring an additional 6,278 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.7 %

Shares of VLO traded down $0.98 during mid-day trading on Tuesday, reaching $131.97. The stock had a trading volume of 3,139,924 shares, compared to its average volume of 2,770,671. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The business's fifty day moving average is $133.34 and its 200 day moving average is $133.68. The firm has a market cap of $41.57 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 2.93 and a beta of 1.36.

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Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is currently 53.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VLO shares. Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Mizuho reduced their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and an average target price of $156.08.

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.