Arvest Bank Trust Division Sells 51,746 Shares of Valero Energy Corporation $VLO

Arvest Bank Trust Division trimmed its position in shares of Valero Energy Corporation (NYSE:VLO) by 95.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,280 shares of the oil and gas company’s stock after selling 51,746 shares during the quarter. Arvest Bank Trust Division’s holdings in Valero Energy were worth $306,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VLO. Hoey Investments Inc. acquired a new position in Valero Energy during the second quarter worth $26,000. GFG Capital LLC bought a new position in shares of Valero Energy in the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. boosted its position in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after buying an additional 230 shares in the last quarter. Finally, Hemington Wealth Management raised its position in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 95 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VLO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Piper Sandler raised their price target on shares of Valero Energy from $201.00 to $223.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group restated a “buy” rating and set a $183.00 price target on shares of Valero Energy in a report on Friday, October 24th. Jefferies Financial Group upped their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, TD Cowen lifted their target price on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $181.63 on Friday. The firm has a market capitalization of $55.40 billion, a PE ratio of 37.92, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $166.75 and a two-hundred day moving average price of $147.38. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $183.93.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio is currently 94.36%.

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.