Bank of Jackson Hole Trust Purchases New Shares in Valero Energy Co. (NYSE:VLO)

Bank of Jackson Hole Trust purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 723 shares of the oil and gas company’s stock, valued at approximately $89,000.

Several other institutional investors have also modified their holdings of VLO. Wellington Management Group LLP grew its position in shares of Valero Energy by 4,908.0% in 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 purchasing an additional 2,793,607 shares during the period. International Assets Investment Management LLC grew its position in shares of Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after purchasing an additional 1,066,923 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after purchasing an additional 568,000 shares during the period. Pacer Advisors Inc. grew 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 valued at $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Valero Energy in the third quarter valued at about $70,352,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of several research analyst reports. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays lowered their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho lowered their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.46.

Valero Energy Price Performance

Shares of VLO stock opened at $137.06 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm’s 50-day moving average is $130.76 and its two-hundred day moving average is $135.94. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a market capitalization of $43.39 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42.

Valero Energy (NYSE:VLO) last issued its earnings results 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 net margin of 2.13% and a return on equity of 9.58%. Analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. Valero Energy’s payout ratio is 53.30%.

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.