Bank of New Hampshire Boosts Position in Valero Energy Co. (NYSE:VLO)

Bank of New Hampshire boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 91.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 430 shares of the oil and gas company’s stock after purchasing an additional 205 shares during the quarter. Bank of New Hampshire’s holdings in Valero Energy were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Collective Family Office LLC boosted its position in Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after purchasing an additional 58 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Valero Energy by 4.7% in the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 59 shares in the last quarter. Covenant Asset Management LLC lifted its position in shares of Valero Energy by 0.4% in the first quarter. Covenant Asset Management LLC now owns 14,659 shares of the oil and gas company’s stock valued at $2,502,000 after acquiring an additional 64 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of Valero Energy by 1.1% in the first quarter. Drive Wealth Management LLC now owns 5,797 shares of the oil and gas company’s stock valued at $990,000 after acquiring an additional 65 shares in the last quarter. Finally, Rovin Capital UT ADV lifted its position in shares of Valero Energy by 3.5% in the first quarter. Rovin Capital UT ADV now owns 1,968 shares of the oil and gas company’s stock valued at $336,000 after acquiring an additional 67 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the sale, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Valero Energy Trading Down 5.0 %

NYSE:VLO traded down $7.89 on Friday, hitting $148.56. 3,457,861 shares of the stock were exchanged, compared to its average volume of 2,709,691. The stock has a market cap of $48.58 billion, a PE ratio of 7.36, a PEG ratio of 2.84 and a beta of 1.42. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $153.10 and a 200-day moving average of $154.18. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $5.40 EPS. As a group, equities analysts expect that Valero Energy Co. will post 13.06 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 2.88%. Valero Energy’s payout ratio is currently 21.20%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VLO. Piper Sandler reduced their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Argus downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price for the company. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Mizuho upgraded Valero Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $175.00 in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

About Valero Energy

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.