MidWestOne Financial Group Inc. Sells 198 Shares of Valero Energy Co. (NYSE:VLO)

MidWestOne Financial Group Inc. cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,743 shares of the oil and gas company’s stock after selling 198 shares during the period. MidWestOne Financial Group Inc.’s holdings in Valero Energy were worth $911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Private Wealth Advisors LLC increased its position in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares during the period. OmniStar Financial Group Inc. increased its position in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC increased its position in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 73 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the topic of several research analyst reports. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.50.

Valero Energy Price Performance

VLO opened at $132.34 on Wednesday. The stock has a fifty day simple moving average of $136.97 and a two-hundred day simple moving average of $144.03. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period last year, the company earned $7.49 earnings per share. The company’s revenue was down 14.4% on a year-over-year basis. Research analysts predict that Valero Energy Co. will post 8.89 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.23%. Valero Energy’s payout ratio is presently 38.39%.

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.