Heritage Trust Co Has $375,000 Stake in Valero Energy Co. (NYSE:VLO)

Heritage Trust Co trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,288 shares of the oil and gas company’s stock after selling 1,673 shares during the quarter. Heritage Trust Co’s holdings in Valero Energy were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Red Door Wealth Management LLC acquired a new stake in shares of Valero Energy during the 1st quarter valued at about $25,000. Allworth Financial LP lifted its holdings in Valero Energy by 70.4% in the 1st quarter. Allworth Financial LP now owns 569 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 235 shares during the last quarter. Ballast Advisors LLC acquired a new stake in Valero Energy in the 1st quarter worth approximately $29,000. Sugarloaf Wealth Management LLC acquired a new stake in Valero Energy in the 4th quarter worth approximately $33,000. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in Valero Energy in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

In related news, Director Randall J. Weisenburger purchased 45,000 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $47.31 per share, for a total transaction of $2,128,950.00. Following the completion of the transaction, the director now directly owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Several research firms recently weighed in on VLO. JPMorgan Chase & Co. reduced their target price on Valero Energy from $101.00 to $93.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a report on Tuesday, March 10th. Cfra lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Friday, March 27th. Barclays restated a “buy” rating and issued a $71.00 target price on shares of Valero Energy in a report on Tuesday, May 5th. Finally, Wells Fargo & Co upped their price target on Valero Energy from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Valero Energy currently has a consensus rating of “Buy” and an average target price of $79.50.

Shares of VLO traded down $0.05 on Friday, reaching $65.68. 3,506,476 shares of the stock traded hands, compared to its average volume of 5,087,627. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 12.04 and a beta of 1.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.31 and a quick ratio of 0.89. Valero Energy Co. has a 12 month low of $31.00 and a 12 month high of $101.99. The stock’s 50-day moving average price is $54.99 and its 200-day moving average price is $76.01.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.49. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.22 billion. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. Valero Energy’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts forecast that Valero Energy Co. will post -1.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, May 14th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Wednesday, May 13th. Valero Energy’s dividend payout ratio (DPR) is 68.77%.

Valero Energy Profile

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.

Recommended Story: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).

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

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.