Dai ichi Life Insurance Company Ltd Raises Holdings in Valero Energy Co. (NYSE:VLO)

Dai ichi Life Insurance Company Ltd increased its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 183.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,726 shares of the oil and gas company's stock after purchasing an additional 5,000 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Valero Energy were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. International Private Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company's stock valued at $309,000 after buying an additional 65 shares during the period. OmniStar Financial Group Inc. increased its position in Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company's stock valued at $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. raised its holdings in Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company's stock worth $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company's stock worth $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in shares of Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company's stock valued at $275,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Down 0.9 %

Shares of NYSE:VLO opened at $138.56 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business has a 50 day simple moving average of $136.83 and a two-hundred day simple moving average of $145.51. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The firm has a market capitalization of $43.87 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the prior year, the company posted $7.49 EPS. Valero Energy's quarterly revenue was down 14.4% on a year-over-year basis. On average, equities analysts predict that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.09%. Valero Energy's dividend payout ratio (DPR) is 38.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of 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. Bank of America assumed coverage on Valero Energy in a research report on Thursday, October 17th. They set a "neutral" rating and a $150.00 price objective for the company. The Goldman Sachs Group lowered their price objective on Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a research report on Monday, September 16th. Barclays lowered their target price on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Finally, TD Cowen lowered their price target on Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $155.86.

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.