Stock Yards Bank & Trust Co. Has $254,000 Stock Position in Valero Energy Corporation $VLO

Stock Yards Bank & Trust Co. decreased its holdings in Valero Energy Corporation (NYSE:VLO) by 29.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,892 shares of the oil and gas company’s stock after selling 800 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Valero Energy were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC lifted its stake in Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after acquiring an additional 3,503 shares in the last quarter. Hancock Whitney Corp boosted its holdings in Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Valero Energy in the 1st quarter worth about $766,000. FORA Capital LLC bought a new position in shares of Valero Energy during the 1st quarter worth approximately $866,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Valero Energy during the 1st quarter worth approximately $462,000. 78.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VLO has been the subject of a number of research analyst reports. TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and increased their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Piper Sandler raised their target price on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Evercore ISI boosted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.07.

Valero Energy Price Performance

VLO opened at $160.37 on Monday. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of 66.82, a PEG ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $151.24 and a 200-day moving average price of $136.96. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period in the previous year, the business earned $2.71 EPS. Valero Energy’s revenue was down 13.3% compared to the same quarter last year. Equities analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.8%. Valero Energy’s dividend payout ratio (DPR) is currently 188.33%.

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.