Valero Energy Co. (NYSE:VLO) Shares Purchased by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,581 shares of the oil and gas company’s stock after buying an additional 116 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Valero Energy were worth $684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after purchasing an additional 50,837 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after acquiring an additional 192,397 shares during the period. Franklin Resources Inc. grew its position in Valero Energy by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after purchasing an additional 247,630 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares during the period. Finally, Wellington Management Group LLP raised its position in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after buying an additional 2,793,607 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 1.3 %

NYSE VLO opened at $141.21 on Monday. The firm has a 50-day simple moving average of $131.25 and a 200 day simple moving average of $138.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market cap of $44.71 billion, a PE ratio of 12.66, a PEG ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.49 earnings per share. On average, research analysts forecast that Valero Energy Co. will post 7.96 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a $1.13 dividend. This is a positive change 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 annualized dividend and a yield of 3.20%. Valero Energy’s payout ratio is currently 40.54%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Scotiabank lowered their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Bank of America initiated coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Citigroup lowered their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.