Grove Bank & Trust Has $348,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Grove Bank & Trust lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 10.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,579 shares of the oil and gas company’s stock after selling 308 shares during the period. Grove Bank & Trust’s holdings in Valero Energy were worth $348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Collective Family Office LLC boosted its position in Valero Energy by 1.5% in the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares in the last quarter. Aua Capital Management LLC increased its stake in shares of Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after buying an additional 67 shares during the period. OmniStar Financial Group Inc. raised its holdings in Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its position in Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VLO shares. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Mizuho lowered their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Scotiabank decreased their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, BMO Capital Markets decreased their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.60.

Valero Energy Trading Down 0.8 %

Shares of VLO stock opened at $141.17 on Tuesday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company’s fifty day simple moving average is $140.88 and its two-hundred day simple moving average is $152.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 3.71 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.40 EPS. As a group, analysts anticipate that Valero Energy Co. will post 9.61 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s payout ratio is 24.46%.

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.