B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Valero Energy Co. (NYSE:VLO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 40,748 shares of the oil and gas company's stock, valued at approximately $5,502,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Valero Energy during the second quarter valued at approximately $15,945,000. Allspring Global Investments Holdings LLC raised its position in Valero Energy by 1.8% in the 3rd 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. 180 Wealth Advisors LLC bought a new position in Valero Energy in the 2nd quarter valued at $535,000. Massmutual Trust Co. FSB ADV raised its position in shares of Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company's stock worth $6,696,000 after acquiring an additional 8,198 shares during the last quarter. Finally, BOKF NA grew its stake in shares of Valero Energy by 402.7% during the first quarter. BOKF NA now owns 17,303 shares of the oil and gas company's stock worth $2,987,000 after purchasing an additional 13,861 shares during the period. 78.69% of the stock is currently owned by institutional investors.
Valero Energy Price Performance
Shares of NYSE:VLO traded up $0.26 during midday trading on Wednesday, hitting $141.20. The company's stock had a trading volume of 2,717,966 shares, compared to its average volume of 2,944,290. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business's 50 day simple moving average is $136.32 and its 200 day simple moving average is $146.12. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79. The company has a market cap of $44.70 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 2.69 and a beta of 1.39.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm's revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.49 EPS. On average, analysts forecast that Valero Energy Co. will post 8.92 EPS for the current year.
Valero Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.03%. Valero Energy's payout ratio is currently 38.39%.
Analyst Ratings Changes
Several research analysts have recently weighed in on VLO shares. Piper Sandler cut Valero Energy from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Bank of America began coverage on Valero Energy in a research report on Thursday, October 17th. They set a "neutral" rating and a $150.00 price target on the stock. The Goldman Sachs Group dropped their price target on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research note on Monday, September 16th. Wells Fargo & Company raised Valero Energy from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, Scotiabank reduced their target price on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus price target of $155.86.
Check Out Our Latest Research Report on VLO
Valero Energy Company Profile
(
Free Report)
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.
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