Bangor Savings Bank Buys 442 Shares of Valero Energy Co. (NYSE:VLO)

Bangor Savings Bank raised its stake in Valero Energy Co. (NYSE:VLO) by 10.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,869 shares of the oil and gas company’s stock after purchasing an additional 442 shares during the quarter. Bangor Savings Bank’s holdings in Valero Energy were worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VLO. Collective Family Office LLC grew its holdings in shares of Valero Energy by 1.5% during the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after purchasing an additional 58 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 59 shares during the last quarter. Aua Capital Management LLC boosted its position in Valero Energy by 3.1% during the 1st 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. United Community Bank boosted its position in Valero Energy by 2.2% during the 4th quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock valued at $444,000 after buying an additional 75 shares during the period. Finally, Marino Stram & Associates LLC boosted its position 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 buying an additional 77 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $150.21 on Monday. Valero Energy Co. has a one year low of $108.28 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. The company’s fifty day moving average price is $158.64 and its 200-day moving average price is $149.38. The company has a market capitalization of $49.12 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.47.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same quarter last year, the business earned $8.27 earnings per share. Valero Energy’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy Co. will post 17.32 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, May 30th. Valero Energy’s dividend payout ratio is currently 21.20%.

Insider Activity

In related news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the transaction, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several research analyst reports. Scotiabank raised their target price on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Sunday. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $156.00 to $210.00 in a research report on Friday, March 15th. Argus cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

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.