DnB Asset Management AS Has $7.84 Million Stock Position in Valero Energy Co. (NYSE:VLO)

DnB Asset Management AS grew its position in Valero Energy Co. (NYSE:VLO - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,918 shares of the oil and gas company's stock after buying an additional 2,061 shares during the quarter. DnB Asset Management AS's holdings in Valero Energy were worth $7,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Valero Energy during the fourth quarter valued at approximately $669,400,000. Vanguard Group Inc. raised its holdings in shares of Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after buying an additional 4,805,133 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock worth $384,907,000 after buying an additional 2,793,607 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Valero Energy in the fourth quarter valued at about $132,469,000. Finally, Prudential Financial Inc. grew its position in Valero Energy by 159.3% in the fourth quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company's stock valued at $104,221,000 after acquiring an additional 522,233 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. Piper Sandler dropped their target price 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. Mizuho dropped 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 note on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy has a consensus rating of "Moderate Buy" and a consensus price target of $152.67.

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Valero Energy Trading Down 11.2 %

Shares of NYSE VLO traded down $14.93 during trading on Thursday, reaching $118.69. The company had a trading volume of 3,176,560 shares, compared to its average volume of 2,883,836. The stock has a market cap of $37.38 billion, a P/E ratio of 14.00, a PEG ratio of 2.93 and a beta of 1.36. The company's fifty day moving average price is $133.17 and its 200-day moving average price is $133.30. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79.

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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, research analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current 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 issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.81%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. Valero Energy's dividend payout ratio is presently 53.30%.

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.