Valero Energy Co. (NYSE:VLO) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Valero Energy Co. (NYSE:VLO) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,884 shares of the oil and gas company’s stock after acquiring an additional 3,449 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Valero Energy worth $22,475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VLO. United Community Bank increased its stake in Valero Energy by 2.2% in the 4th quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock worth $444,000 after purchasing an additional 75 shares in the last quarter. Marino Stram & Associates LLC grew its stake in Valero Energy by 0.9% during the 4th quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 77 shares in the last quarter. Montag A & Associates Inc. grew its stake in Valero Energy by 0.9% during the 4th quarter. Montag A & Associates Inc. now owns 8,899 shares of the oil and gas company’s stock valued at $1,157,000 after acquiring an additional 78 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Valero Energy by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock valued at $220,000 after acquiring an additional 81 shares in the last quarter. Finally, Fulcrum Equity Management grew its stake in Valero Energy by 1.0% during the 4th quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after acquiring an additional 86 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VLO shares. TD Cowen lowered their target price on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. UBS Group lifted their price target on Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Argus lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Mizuho lifted their price target on Valero Energy from $173.00 to $176.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Piper Sandler reduced their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.33.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $151.11 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $160.64 and its two-hundred day moving average is $148.67. The company has a market cap of $49.41 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.41 and a beta of 1.47. Valero Energy Co. has a 12 month low of $108.28 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $8.27 EPS. On average, equities analysts expect that Valero Energy Co. will post 17.74 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 30th. Valero Energy’s dividend payout ratio is presently 21.20%.

Insider Activity

In other news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the sale, the director now directly owns 13,314 shares in the company, valued at $2,105,209.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.47% of the stock is currently owned by company insiders.

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.