First National Bank of Mount Dora Trust Investment Services Has $3.62 Million Position in Valero Energy Co. (NYSE:VLO)

First National Bank of Mount Dora Trust Investment Services boosted its holdings in Valero Energy Co. (NYSE:VLO) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,504 shares of the oil and gas company’s stock after purchasing an additional 717 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Valero Energy were worth $3,617,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after acquiring an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Valero Energy by 11,318.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after acquiring an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Valero Energy by 900.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after acquiring an additional 568,000 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after acquiring an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in Valero Energy during the 3rd quarter worth $70,352,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Up 1.3 %

Shares of Valero Energy stock opened at $141.21 on Friday. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The stock’s 50-day simple moving average is $131.16 and its 200 day simple moving average is $138.59. The stock has a market capitalization of $44.70 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

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

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s payout ratio is presently 38.39%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VLO. Barclays cut their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Finally, Citigroup lowered their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has an average 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.