Greenleaf Trust Purchases 139 Shares of Valero Energy Corporation $VLO

Greenleaf Trust increased its position in shares of Valero Energy Corporation (NYSE:VLO) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,126 shares of the oil and gas company’s stock after purchasing an additional 139 shares during the period. Greenleaf Trust’s holdings in Valero Energy were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hoey Investments Inc. bought a new stake in Valero Energy during the 2nd quarter valued at approximately $26,000. Wayfinding Financial LLC bought a new stake in Valero Energy during the 1st quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. raised its position in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Valero Energy during the first quarter valued at approximately $43,000. Finally, Iron Horse Wealth Management LLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $44,000. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VLO shares. Raymond James Financial lifted their price target on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 9th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho lifted their price objective on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Morgan Stanley lifted their price objective on Valero Energy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Valero Energy Stock Performance

NYSE VLO opened at $167.63 on Thursday. The company has a market cap of $52.07 billion, a P/E ratio of 69.84, a P/E/G ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The business’s 50 day moving average price is $150.40 and its 200-day moving average price is $136.51. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. During the same quarter in the previous year, the business posted $2.71 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. Sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is presently 188.33%.

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.