FineMark National Bank & Trust Has $3.03 Million Stock Position in Valero Energy Co. (NYSE:VLO)

FineMark National Bank & Trust raised its holdings in Valero Energy Co. (NYSE:VLO) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,348 shares of the oil and gas company’s stock after buying an additional 499 shares during the period. FineMark National Bank & Trust’s holdings in Valero Energy were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in VLO. Norges Bank bought a new position in shares of Valero Energy during the fourth quarter valued at about $570,428,000. Putnam Investments LLC grew its holdings in shares of Valero Energy by 3.7% in the fourth quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock valued at $447,957,000 after acquiring an additional 122,207 shares in the last quarter. Montrusco Bolton Investments Inc. increased its position in shares of Valero Energy by 18.7% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock valued at $310,655,000 after acquiring an additional 376,449 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Valero Energy by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after acquiring an additional 65,632 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Valero Energy by 37.6% in the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after purchasing an additional 426,093 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 2.9 %

VLO stock opened at $135.52 on Friday. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The firm has a market capitalization of $43.42 billion, a PE ratio of 6.71, a PEG ratio of 2.72 and a beta of 1.40. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $149.24 and a two-hundred day simple moving average of $155.50.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. During the same quarter in the prior year, the firm posted $5.40 EPS. Valero Energy’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Valero Energy Co. will post 12.86 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were given a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.16%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VLO shares. JPMorgan Chase & Co. decreased their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank lifted their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Mizuho raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $165.00 to $175.00 in a research report on Wednesday, July 17th. Barclays lowered their price target on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.50.

Valero Energy Company 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.