Bangor Savings Bank Sells 190 Shares of Valero Energy Co. (NYSE:VLO)

Bangor Savings Bank decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,060 shares of the oil and gas company’s stock after selling 190 shares during the quarter. Bangor Savings Bank’s holdings in Valero Energy were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VLO. Fortem Financial Group LLC boosted its stake in Valero Energy by 4.0% in the 4th quarter. Fortem Financial Group LLC now owns 10,998 shares of the oil and gas company’s stock valued at $1,348,000 after buying an additional 426 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Valero Energy by 18.1% in the 4th quarter. Versant Capital Management Inc now owns 1,521 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 233 shares in the last quarter. Independent Solutions Wealth Management LLC grew its holdings in shares of Valero Energy by 2.1% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 13,258 shares of the oil and gas company’s stock worth $1,790,000 after purchasing an additional 273 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Valero Energy by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company’s stock worth $49,752,000 after purchasing an additional 3,065 shares in the last quarter. Finally, 1ST Source Bank boosted its position in Valero Energy by 3.3% in the third quarter. 1ST Source Bank now owns 4,286 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 135 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VLO. Mizuho reduced their target price on Valero Energy from $171.00 to $165.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. TD Cowen reduced their price target 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 lowered their price objective for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.07.

Valero Energy Price Performance

Shares of VLO opened at $121.98 on Tuesday. The stock has a market cap of $38.62 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The stock’s 50-day moving average price is $131.25 and its two-hundred day moving average price is $139.65. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced 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 for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $7.49 earnings per share. On average, equities analysts predict that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.51%. Valero Energy’s payout ratio is presently 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.