Generali Investments Management Co LLC Purchases New Position in Valero Energy Co. (NYSE:VLO)

Generali Investments Management Co LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,202 shares of the oil and gas company's stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLO. New Wave Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth $25,000. Tobam acquired a new position in Valero Energy during the fourth quarter worth $30,000. True Wealth Design LLC increased its position in Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after buying an additional 183 shares during the last quarter. OFI Invest Asset Management acquired a new position in Valero Energy during the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at about $38,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 2.5 %

Shares of VLO stock traded down $3.41 on Friday, hitting $131.42. The stock had a trading volume of 6,736,251 shares, compared to its average volume of 2,765,665. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The firm has a market cap of $41.39 billion, a P/E ratio of 15.50, a PEG ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $133.96 and a two-hundred day moving average price of $133.43.

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Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) 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, analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.44%. Valero Energy's payout ratio is 53.30%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler decreased their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price on 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 decreased their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

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.