Hancock Whitney Corp Lowers Holdings in Valero Energy Co. (NYSE:VLO)

Hancock Whitney Corp reduced its position in Valero Energy Co. (NYSE:VLO) by 32.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,961 shares of the oil and gas company’s stock after selling 21,712 shares during the period. Hancock Whitney Corp’s holdings in Valero Energy were worth $2,085,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLO. Norges Bank purchased a new stake in shares of Valero Energy in the fourth quarter worth about $431,343,000. Victory Capital Management Inc. increased its stake in Valero Energy by 389.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,408,732 shares of the oil and gas company’s stock worth $287,390,000 after acquiring an additional 2,712,527 shares during the last quarter. Boston Partners increased its stake in Valero Energy by 35.0% during the fourth quarter. Boston Partners now owns 9,678,791 shares of the oil and gas company’s stock worth $906,537,000 after acquiring an additional 2,509,619 shares during the last quarter. Prudential Financial Inc. increased its stake in Valero Energy by 310.1% during the fourth quarter. Prudential Financial Inc. now owns 2,088,248 shares of the oil and gas company’s stock worth $195,565,000 after acquiring an additional 1,579,089 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Valero Energy by 21,719.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,110,188 shares of the oil and gas company’s stock worth $103,969,000 after acquiring an additional 1,105,100 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

VLO opened at $65.68 on Friday. Valero Energy Co. has a one year low of $31.00 and a one year high of $101.99. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 12.04 and a beta of 1.96. The stock’s 50 day moving average price is $54.99 and its 200-day moving average price is $76.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 1.31.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.49. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.22 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Valero Energy’s revenue was down 8.9% compared to the same quarter last year. As a group, analysts predict that Valero Energy Co. will post -1.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, May 14th will be paid a $0.98 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.92 annualized dividend and a yield of 5.97%. Valero Energy’s dividend payout ratio (DPR) is currently 68.77%.

Several equities research analysts have weighed in on the company. Argus reduced their price objective on Valero Energy from $110.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $101.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Barclays reissued a “buy” rating and set a $71.00 price objective on shares of Valero Energy in a research note on Tuesday, May 5th. Credit Suisse Group upped their target price on Valero Energy from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Cfra cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 27th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Valero Energy currently has a consensus rating of “Buy” and an average target price of $79.50.

In other news, Director Randall J. Weisenburger acquired 45,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of $47.31 per share, with a total value of $2,128,950.00. Following the completion of the purchase, the director now directly owns 100,274 shares in the company, valued at $4,743,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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