Trust Co. of Toledo NA OH Grows Stock Position in Valero Energy Co. (NYSE:VLO)

Trust Co. of Toledo NA OH lifted its stake in Valero Energy Co. (NYSE:VLO) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,778 shares of the oil and gas company’s stock after purchasing an additional 122 shares during the period. Trust Co. of Toledo NA OH’s holdings in Valero Energy were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in Valero Energy in the third quarter valued at $28,000. Compagnie Lombard Odier SCmA purchased a new position in Valero Energy in the third quarter valued at $34,000. True Wealth Design LLC boosted its holdings in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Valero Energy in the third quarter valued at $38,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Valero Energy during the 3rd quarter worth about $50,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $133.49 on Tuesday. The stock has a market capitalization of $42.26 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The stock’s 50-day moving average price is $131.06 and its 200 day moving average price is $138.75. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the previous year, the firm posted $7.49 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. As a group, equities research analysts forecast that Valero Energy Co. will post 8.86 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VLO shares. Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Scotiabank decreased their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.