First National Trust Co Sells 885 Shares of Valero Energy Corporation $VLO

First National Trust Co cut its position in Valero Energy Corporation (NYSE:VLO) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,766 shares of the oil and gas company’s stock after selling 885 shares during the quarter. First National Trust Co’s holdings in Valero Energy were worth $8,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC grew its position in shares of Valero Energy by 18.5% in 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 during the period. Hancock Whitney Corp grew 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 period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Valero Energy during the first quarter worth about $766,000. FORA Capital LLC bought a new position in Valero Energy during the first quarter worth about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after purchasing an additional 56,274 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

VLO opened at $174.18 on Tuesday. The business has a fifty day simple moving average of $159.73 and a 200 day simple moving average of $141.45. The company has a market capitalization of $54.11 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.92 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. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share. Research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Piper Sandler lifted their price objective on shares of Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $195.00 price objective (up from $181.00) on shares of Valero Energy in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.