Resona Asset Management Co. Ltd. Purchases Shares of 95,915 Valero Energy Co. (NYSE:VLO)

Resona Asset Management Co. Ltd. acquired a new stake in Valero Energy Co. (NYSE:VLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 95,915 shares of the oil and gas company's stock, valued at approximately $11,716,000.

A number of other institutional investors have also recently bought and sold shares of VLO. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy during the fourth quarter worth approximately $25,000. Tobam acquired a new stake in shares of Valero Energy during the 4th quarter worth $30,000. OFI Invest Asset Management bought a new position in shares of Valero Energy in the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new position in Valero Energy in the fourth quarter valued at about $38,000. Finally, Creative Capital Management Investments LLC lifted its position in Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the period. Institutional investors own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Raymond James reduced their target price on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $152.85.

Remove Ads

Valero Energy Trading Down 0.7 %

Shares of VLO traded down $0.81 during mid-day trading on Friday, reaching $108.21. 781,082 shares of the company were exchanged, compared to its average volume of 2,962,796. The business has a 50 day simple moving average of $128.64 and a two-hundred day simple moving average of $131.89. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $178.39. The stock has a market capitalization of $34.08 billion, a PE ratio of 12.76, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 4.18%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio (DPR) is currently 53.30%.

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.