Elo Mutual Pension Insurance Co Grows Holdings in Valero Energy Co. (NYSE:VLO)

Elo Mutual Pension Insurance Co grew its position in Valero Energy Co. (NYSE:VLO - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,430 shares of the oil and gas company's stock after purchasing an additional 5,568 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Valero Energy were worth $4,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Valero Energy during the third quarter worth approximately $134,000. Fisher Asset Management LLC increased its position in shares of Valero Energy by 89.1% during the third quarter. Fisher Asset Management LLC now owns 16,855 shares of the oil and gas company's stock valued at $2,276,000 after acquiring an additional 7,942 shares during the last quarter. Private Trust Co. NA increased its position in shares of Valero Energy by 6.3% during the 3rd quarter. Private Trust Co. NA now owns 3,430 shares of the oil and gas company's stock valued at $463,000 after purchasing an additional 204 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Valero Energy by 183.4% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 7,726 shares of the oil and gas company's stock worth $1,043,000 after buying an additional 5,000 shares during the last quarter. Finally, Cynosure Group LLC increased its stake in shares of Valero Energy by 9.2% during the 3rd quarter. Cynosure Group LLC now owns 2,741 shares of the oil and gas company's stock worth $370,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

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Valero Energy Trading Down 0.9 %

VLO stock traded down $1.16 during midday trading on Tuesday, reaching $130.91. 480,471 shares of the company traded hands, compared to its average volume of 2,876,811. The firm has a market capitalization of $41.23 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.93 and a beta of 1.36. 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 has a 50 day moving average of $133.31 and a 200-day moving average of $133.30. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.45%. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is 53.30%.

Analysts Set New Price Targets

Several analysts have recently issued reports on VLO shares. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, 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 report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has 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 target price of $152.67.

Valero Energy Company 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.