Huntington National Bank Raises Stock Position in Valero Energy Co. (NYSE:VLO)

Huntington National Bank boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 780,234 shares of the oil and gas company’s stock after purchasing an additional 12,462 shares during the period. Valero Energy makes up about 0.8% of Huntington National Bank’s portfolio, making the stock its 29th biggest position. Huntington National Bank owned approximately 0.24% of Valero Energy worth $105,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VLO. Bleakley Financial Group LLC grew its holdings in shares of Valero Energy by 3.9% during the first quarter. Bleakley Financial Group LLC now owns 8,287 shares of the oil and gas company’s stock worth $1,415,000 after buying an additional 308 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Valero Energy by 15.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 44,243 shares of the oil and gas company’s stock valued at $7,552,000 after acquiring an additional 5,839 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in Valero Energy during the 1st quarter worth $417,000. Orion Portfolio Solutions LLC boosted its position in Valero Energy by 8.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 19,666 shares of the oil and gas company’s stock valued at $3,357,000 after buying an additional 1,495 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its stake in shares of Valero Energy by 2.2% in the 1st quarter. Great Lakes Retirement Inc. now owns 9,145 shares of the oil and gas company’s stock valued at $1,561,000 after purchasing an additional 195 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Up 1.8 %

Shares of VLO stock opened at $139.55 on Thursday. The stock’s fifty day moving average price is $135.63 and its 200 day moving average price is $146.80. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market cap of $44.18 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.49 EPS. On average, research analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

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.