Central Bank & Trust Co. Sells 4,622 Shares of Valero Energy Co. (NYSE:VLO)

Central Bank & Trust Co. decreased its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,758 shares of the oil and gas company's stock after selling 4,622 shares during the period. Central Bank & Trust Co.'s holdings in Valero Energy were worth $5,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VLO. Manning & Napier Advisors LLC bought a new stake in shares of Valero Energy during the 2nd quarter valued at about $15,945,000. Allspring Global Investments Holdings LLC grew its holdings in Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company's stock worth $174,673,000 after purchasing an additional 22,571 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of Valero Energy during the 2nd quarter worth about $535,000. UniSuper Management Pty Ltd raised its stake in Valero Energy by 223.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company's stock worth $1,843,000 after buying an additional 7,455 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company's stock worth $6,696,000 after purchasing an additional 8,198 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen lowered their price objective on shares of Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, October 25th. StockNews.com downgraded Valero Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Wells Fargo & Company upgraded Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Barclays decreased their price target on Valero Energy from $165.00 to $146.00 and set an "overweight" rating for the company in a report on Wednesday, October 2nd. Finally, Piper Sandler lowered Valero Energy from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.29.

Valero Energy Stock Performance

Shares of VLO traded up $2.11 during mid-day trading on Tuesday, hitting $132.06. The stock had a trading volume of 2,533,651 shares, compared to its average volume of 2,977,165. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business has a fifty day moving average price of $136.43 and a 200-day moving average price of $148.06. The firm has a market cap of $42.31 billion, a P/E ratio of 11.65, a PEG ratio of 2.29 and a beta of 1.39.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm's quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.49 EPS. On average, equities research analysts expect that Valero Energy Co. will post 9.32 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is presently 38.39%.

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.