First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,233 shares of the oil and gas company’s stock after buying an additional 630 shares during the period. Valero Energy accounts for about 2.1% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 17th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Valero Energy were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in VLO. Mechanics Bank Trust Department purchased a new stake in Valero Energy in the third quarter worth $31,000. Allworth Financial LP lifted its position in Valero Energy by 70.4% during the 4th quarter. Allworth Financial LP now owns 334 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 138 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in shares of Valero Energy during the 2nd quarter worth about $32,000. Northwest Investment Counselors LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth approximately $33,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Valero Energy during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Shares of VLO traded down $0.44 during midday trading on Friday, reaching $89.07. The company had a trading volume of 251,765 shares, compared to its average volume of 2,640,089. Valero Energy Co. has a 1-year low of $69.44 and a 1-year high of $101.99. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $93.56 and a 200-day simple moving average of $88.44. The stock has a market cap of $36.80 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.13. The firm had revenue of $27.25 billion for the quarter, compared to analysts’ expectations of $25.93 billion. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.01 earnings per share. As a group, sell-side analysts anticipate that Valero Energy Co. will post 4.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 12th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.40%. This is an increase from Valero Energy’s previous quarterly dividend of $0.90. Valero Energy’s payout ratio is currently 48.85%.

In other news, CEO Joseph W. Gorder sold 21,400 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total value of $2,045,198.00. Following the transaction, the chief executive officer now owns 424,917 shares of the company’s stock, valued at approximately $40,609,317.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is owned by insiders.

Several research firms recently weighed in on VLO. ValuEngine upgraded shares of Valero Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 26th. Barclays started coverage on Valero Energy in a research report on Tuesday, January 14th. They set an “overweight” rating and a $116.00 price target for the company. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Co raised their price objective on Valero Energy from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Morgan Stanley raised their price target on shares of Valero Energy from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Valero Energy presently has a consensus rating of “Buy” and an average price target of $105.75.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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