Achmea Investment Management B.V. Buys 46,264 Shares of Valero Energy Co. (NYSE:VLO)

Achmea Investment Management B.V. increased its position in Valero Energy Co. (NYSE:VLO - Free Report) by 40.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,398 shares of the oil and gas company's stock after buying an additional 46,264 shares during the quarter. Achmea Investment Management B.V. owned 0.05% of Valero Energy worth $19,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vestcor Inc increased its stake in shares of Valero Energy by 233.5% in the fourth quarter. Vestcor Inc now owns 35,696 shares of the oil and gas company's stock worth $4,376,000 after buying an additional 24,994 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Valero Energy by 1.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 49,746 shares of the oil and gas company's stock worth $6,098,000 after buying an additional 790 shares during the period. Essential Planning LLC. purchased a new position in shares of Valero Energy in the fourth quarter worth $2,044,000. EverSource Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,296 shares of the oil and gas company's stock worth $772,000 after buying an additional 210 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Valero Energy by 6.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 18,218 shares of the oil and gas company's stock valued at $2,233,000 after purchasing an additional 1,070 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

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Valero Energy Stock Up 0.5 %

Valero Energy stock traded up $0.61 during mid-day trading on Thursday, reaching $125.79. The stock had a trading volume of 3,295,636 shares, compared to its average volume of 2,796,865. The company has a market capitalization of $39.62 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.93 and a beta of 1.36. The company has a 50-day moving average price of $133.02 and a two-hundred day moving average price of $133.94. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

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, topping analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.59%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's dividend payout ratio is currently 53.30%.

Analysts Set New Price Targets

VLO has been the topic of a number of research analyst reports. 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 reduced their price objective on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Piper Sandler reduced their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company reduced their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $156.08.

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.