Greenfield Savings Bank Has $1.02 Million Stock Position in Valero Energy Corporation $VLO

Greenfield Savings Bank lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,608 shares of the oil and gas company’s stock after selling 459 shares during the quarter. Greenfield Savings Bank’s holdings in Valero Energy were worth $1,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its position in Valero Energy by 18.5% during the first 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 buying an additional 3,503 shares during the period. Hancock Whitney Corp lifted its position in shares of Valero Energy by 8.9% in 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 in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Valero Energy during the first quarter worth approximately $766,000. Sendero Wealth Management LLC grew its position in Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock valued at $2,668,000 after purchasing an additional 2,000 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Valero Energy in the 1st quarter valued at approximately $866,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VLO. Wells Fargo & Company boosted their price target on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Piper Sandler boosted their price target on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

Valero Energy Stock Performance

VLO opened at $156.78 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The company has a market cap of $48.70 billion, a PE ratio of 65.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The stock has a 50-day moving average of $145.24 and a 200-day moving average of $132.89. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $163.02.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.71 EPS. As a group, equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

Valero Energy 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.