Valero Energy Corporation $VLO Shares Purchased by Citizens National Bank Trust Department

Citizens National Bank Trust Department boosted its position in shares of Valero Energy Corporation (NYSE:VLO) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,335 shares of the oil and gas company’s stock after acquiring an additional 389 shares during the period. Citizens National Bank Trust Department’s holdings in Valero Energy were worth $1,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after buying an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after acquiring an additional 4,155,522 shares during the last quarter. Nuveen LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at about $529,864,000. Invesco Ltd. raised its position in shares of Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after purchasing an additional 736,533 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VLO. Wells Fargo & Company increased their price target on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Piper Sandler boosted their price target on shares of Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.07.

Valero Energy Stock Down 0.2%

Shares of NYSE:VLO opened at $163.13 on Wednesday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The stock has a market cap of $50.68 billion, a P/E ratio of 67.97, a P/E/G ratio of 1.73 and a beta of 1.05. The firm has a fifty day moving average price of $151.99 and a 200 day moving average price of $137.36.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS 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 analysts’ expectations of $27 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. Sell-side analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

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

Valero Energy 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.