Community Financial Services Group LLC Sells 3,998 Shares of Valero Energy Co. (NYSE:VLO)

Community Financial Services Group LLC lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,659 shares of the oil and gas company’s stock after selling 3,998 shares during the quarter. Community Financial Services Group LLC’s holdings in Valero Energy were worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VLO. Inspire Investing LLC raised its holdings in Valero Energy by 24.0% during the 3rd quarter. Inspire Investing LLC now owns 2,104 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 407 shares during the period. Exchange Traded Concepts LLC bought a new position in Valero Energy during the third quarter valued at $609,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Valero Energy in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Valero Energy by 21.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 521 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 93 shares during the period. Finally, Sapient Capital LLC grew its holdings in Valero Energy by 0.8% during the 3rd quarter. Sapient Capital LLC now owns 11,314 shares of the oil and gas company’s stock valued at $1,528,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VLO. Citigroup reduced their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Mizuho reduced their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Bank of America started coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Barclays decreased their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.46.

Valero Energy Trading Up 0.1 %

Valero Energy stock opened at $136.90 on Wednesday. The firm has a market cap of $43.34 billion, a PE ratio of 16.14, a P/E/G ratio of 2.85 and a beta of 1.42. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The stock’s 50 day simple moving average is $130.59 and its two-hundred day simple moving average is $136.90. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Analysts anticipate that Valero Energy Co. will post 7.86 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be issued a $1.13 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.30%. Valero Energy’s dividend payout ratio is presently 53.30%.

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.