Huntington National Bank Purchases 4,044 Shares of Valero Energy Co. (NYSE:VLO)

Huntington National Bank grew its position in Valero Energy Co. (NYSE:VLO) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 784,278 shares of the oil and gas company’s stock after acquiring an additional 4,044 shares during the quarter. Huntington National Bank’s holdings in Valero Energy were worth $96,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new stake in shares of Valero Energy in the 3rd quarter worth about $2,299,000. Benjamin Edwards Inc. bought a new stake in Valero Energy during the third quarter worth approximately $1,886,000. Hilltop Holdings Inc. raised its position in Valero Energy by 8.5% during the third quarter. Hilltop Holdings Inc. now owns 2,179 shares of the oil and gas company’s stock valued at $294,000 after purchasing an additional 171 shares during the period. HITE Hedge Asset Management LLC lifted its stake in shares of Valero Energy by 136.1% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company’s stock valued at $10,143,000 after purchasing an additional 43,299 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Valero Energy by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 37,258 shares of the oil and gas company’s stock worth $5,031,000 after purchasing an additional 2,577 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 1.2 %

NYSE:VLO opened at $133.65 on Wednesday. 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 firm has a 50-day simple moving average of $133.19 and a 200-day simple moving average of $133.30. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The firm has a market cap of $42.10 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler decreased their price target on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Mizuho dropped their price target 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. Finally, Wells Fargo & Company reduced their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.67.

About Valero Energy

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.