Zions Bancorporation N.A. Has $117,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Zions Bancorporation N.A. cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 747 shares of the oil and gas company’s stock after selling 207 shares during the period. Zions Bancorporation N.A.’s holdings in Valero Energy were worth $117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VLO. 9258 Wealth Management LLC grew its holdings in Valero Energy by 7.2% in the 4th quarter. 9258 Wealth Management LLC now owns 1,704 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 114 shares in the last quarter. NorthRock Partners LLC boosted its position in shares of Valero Energy by 5.4% in the fourth quarter. NorthRock Partners LLC now owns 2,067 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 106 shares during the period. Financial Advocates Investment Management grew its stake in shares of Valero Energy by 1.9% in the fourth quarter. Financial Advocates Investment Management now owns 6,154 shares of the oil and gas company’s stock valued at $800,000 after acquiring an additional 114 shares in the last quarter. Independent Advisor Alliance increased its position in Valero Energy by 4.9% during the fourth quarter. Independent Advisor Alliance now owns 20,053 shares of the oil and gas company’s stock worth $2,607,000 after acquiring an additional 934 shares during the period. Finally, Kentucky Retirement Systems boosted its holdings in Valero Energy by 3.9% in the 4th quarter. Kentucky Retirement Systems now owns 27,240 shares of the oil and gas company’s stock valued at $3,541,000 after purchasing an additional 1,018 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. cut 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. Piper Sandler dropped their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company raised their target price on shares of Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

Valero Energy Stock Up 0.1 %

Shares of VLO opened at $134.26 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 2.73 and a beta of 1.40. The stock has a fifty day moving average of $146.50 and a 200-day moving average of $155.48.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $5.40 earnings per share. As a group, sell-side analysts anticipate that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, August 1st. Valero Energy’s payout ratio is 21.20%.

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.