OLD Point Trust & Financial Services N A Has $208,000 Stake in Valero Energy Co. (NYSE:VLO)

OLD Point Trust & Financial Services N A cut its position in shares of Valero Energy Co. (NYSE:VLO) by 7.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,700 shares of the oil and gas company’s stock after selling 143 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Valero Energy were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. OneDigital Investment Advisors LLC boosted its stake in Valero Energy by 21.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,693 shares of the oil and gas company’s stock worth $904,000 after buying an additional 1,192 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Valero Energy by 126.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company’s stock valued at $6,299,000 after acquiring an additional 26,044 shares in the last quarter. Quest Partners LLC bought a new position in Valero Energy during the third quarter worth about $134,000. Prospera Financial Services Inc boosted its holdings in Valero Energy by 3.3% during the third quarter. Prospera Financial Services Inc now owns 11,350 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 363 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Valero Energy by 3.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 10,870 shares of the oil and gas company’s stock valued at $1,468,000 after purchasing an additional 340 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 1.4 %

NYSE VLO opened at $133.89 on Thursday. The stock has a market capitalization of $42.17 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. 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 fifty day moving average of $133.68 and a 200-day moving average of $133.58.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. On average, equities research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a $1.13 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio is currently 53.30%.

Wall Street Analyst Weigh In

VLO has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler reduced their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho cut their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.08.

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.