Huntington National Bank Boosts Position in Valero Energy Corporation $VLO

Huntington National Bank grew its stake in Valero Energy Corporation (NYSE:VLO) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 802,329 shares of the oil and gas company’s stock after buying an additional 11,032 shares during the quarter. Huntington National Bank’s holdings in Valero Energy were worth $107,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Broadway Wealth Solutions Inc. increased its position in Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after buying an additional 69 shares in the last quarter. Park Place Capital Corp increased its position in Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after buying an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after buying an additional 78 shares in the last quarter. Summit Financial LLC increased its position in Valero Energy by 4.6% in the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after buying an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC boosted its stake in shares of Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 1.2%

Shares of NYSE:VLO opened at $171.63 on Tuesday. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The business’s fifty day simple moving average is $162.55 and its 200-day simple moving average is $143.84. The company has a market capitalization of $53.32 billion, a PE ratio of 35.83, a P/E/G ratio of 1.77 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last announced its quarterly 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. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period last year, the business posted $1.14 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is 94.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. TD Cowen upped their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Piper Sandler upped their price objective on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Jefferies Financial Group raised their price objective on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $183.00 price objective on shares of Valero Energy in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company 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.