Valero Energy Co. (NYSE:VLO) Shares Bought by Korea Investment CORP

Korea Investment CORP boosted its position in Valero Energy Co. (NYSE:VLO - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 251,769 shares of the oil and gas company's stock after purchasing an additional 47,416 shares during the quarter. Korea Investment CORP owned about 0.08% of Valero Energy worth $30,864,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VLO. Quest Partners LLC purchased a new position in shares of Valero Energy in the third quarter worth about $134,000. Fisher Asset Management LLC raised its holdings in Valero Energy by 89.1% in the 3rd 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. Cynosure Group LLC lifted its stake in Valero Energy by 9.2% in 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 in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Valero Energy by 0.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 45,505 shares of the oil and gas company's stock worth $6,145,000 after purchasing an additional 134 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its position in shares of Valero Energy by 67.9% in the third quarter. CreativeOne Wealth LLC now owns 9,724 shares of the oil and gas company's stock valued at $1,313,000 after purchasing an additional 3,934 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price objective 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho cut their price objective 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. Finally, Piper Sandler decreased their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.67.

Valero Energy Trading Down 0.6 %

VLO traded down $0.82 during mid-day trading on Wednesday, hitting $132.92. 835,205 shares of the stock were exchanged, compared to its average volume of 3,265,837. The firm's fifty day moving average is $133.19 and its two-hundred day moving average is $133.30. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The company has a market cap of $41.87 billion, a PE ratio of 15.67, 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.

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 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%. Equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is currently 53.30%.

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.