Citizens National Bank Trust Department Increases Stake in Valero Energy Corporation $VLO

Citizens National Bank Trust Department raised its position in Valero Energy Corporation (NYSE:VLO) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Broadway Wealth Solutions Inc. raised its holdings in shares of Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after purchasing an additional 69 shares during the period. Park Place Capital Corp increased its position in Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after buying an additional 78 shares during the period. Summit Financial LLC lifted its position in Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after buying an additional 81 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

NYSE:VLO opened at $163.13 on Wednesday. The firm has a 50-day moving average of $151.99 and a two-hundred day moving average of $137.36. 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 PEG ratio of 1.73 and a beta of 1.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

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

Valero Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Barclays increased their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Mizuho increased their target price on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company raised their target price on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.07.

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.