Indiana Trust & Investment Management Co Buys 192 Shares of Valero Energy Co. (NYSE:VLO)

Indiana Trust & Investment Management Co increased its stake in Valero Energy Co. (NYSE:VLO) by 96.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392 shares of the oil and gas company’s stock after acquiring an additional 192 shares during the period. Indiana Trust & Investment Management Co’s holdings in Valero Energy were worth $48,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after purchasing an additional 22,571 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Valero Energy during the 4th quarter valued at $1,226,000. Hudson Capital Management LLC raised its holdings in Valero Energy by 6.5% during the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company’s stock valued at $3,897,000 after buying an additional 1,937 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Valero Energy during the 4th quarter valued at $274,000. Finally, Captrust Financial Advisors grew its holdings in Valero Energy by 7.5% in the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after acquiring an additional 6,278 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.1 %

Shares of Valero Energy stock opened at $136.90 on Wednesday. Valero Energy Co. has a 1 year low of $116.84 and a 1 year high of $184.79. The firm has a market cap of $43.34 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.85 and a beta of 1.42. The company has a 50-day moving average of $130.59 and a 200 day moving average of $136.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, sell-side analysts anticipate that Valero Energy Co. will post 7.86 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.30%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. Valero Energy’s payout ratio is 53.30%.

Analyst Ratings Changes

Several equities analysts have recently commented on VLO shares. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho cut their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $154.46.

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.