Caldwell Trust Co Acquires New Shares in Valero Energy Corporation $VLO

Caldwell Trust Co acquired a new position in Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,394 shares of the oil and gas company’s stock, valued at approximately $1,666,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,724,707 shares of the oil and gas company’s stock worth $1,576,035,000 after purchasing an additional 286,942 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after acquiring an additional 7,931,018 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Valero Energy by 16.7% during the second quarter. Geode Capital Management LLC now owns 8,141,511 shares of the oil and gas company’s stock valued at $1,089,897,000 after acquiring an additional 1,164,217 shares during the last quarter. Norges Bank purchased a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $827,390,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Valero Energy by 3.0% in the 2nd quarter. Franklin Resources Inc. now owns 5,024,322 shares of the oil and gas company’s stock worth $675,369,000 after acquiring an additional 148,195 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI boosted their target price on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Mizuho reissued a “neutral” rating and set a $192.00 target price (up previously from $190.00) on shares of Valero Energy in a research note on Friday. Barclays lifted their target price on Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Bank of America reissued a “neutral” rating and set a $195.00 price target (down previously from $198.00) on shares of Valero Energy in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.20.

Valero Energy Price Performance

VLO stock opened at $168.25 on Monday. The business’s 50-day moving average is $171.13 and its two-hundred day moving average is $154.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The firm has a market capitalization of $51.32 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.19 and a beta of 0.76. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $185.62.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 94.36%.

Insider Activity

In related news, CFO Jason W. Fraser sold 9,933 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the completion of the transaction, the chief financial officer owned 134,196 shares in the company, valued at approximately $23,352,787.92. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

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.