Deutsche Bank AG Grows Stock Holdings in Valero Energy Co. (NYSE:VLO)

Deutsche Bank AG raised its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,479 shares of the oil and gas company's stock after purchasing an additional 277,092 shares during the period. Deutsche Bank AG owned approximately 0.46% of Valero Energy worth $177,814,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Valero Energy by 0.8% during the third quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company's stock worth $49,752,000 after acquiring an additional 3,065 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of Valero Energy during the 4th quarter worth approximately $1,414,000. Tilia Fiduciary Partners Inc. lifted its position in shares of Valero Energy by 6.9% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 15,553 shares of the oil and gas company's stock valued at $1,907,000 after acquiring an additional 1,000 shares during the period. Czech National Bank raised its holdings in shares of Valero Energy by 5.2% during the fourth quarter. Czech National Bank now owns 68,642 shares of the oil and gas company's stock valued at $8,415,000 after purchasing an additional 3,378 shares during the period. Finally, EWG Elevate Inc. bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $438,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Price Performance

Shares of NYSE:VLO traded up $4.67 during midday trading on Tuesday, reaching $135.16. 3,388,670 shares of the company were exchanged, compared to its average volume of 3,038,091. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. 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 business's fifty day moving average is $120.32 and its two-hundred day moving average is $128.41. The stock has a market cap of $42.33 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the previous year, the company earned $3.82 EPS. Valero Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.34%. Valero Energy's dividend payout ratio is presently 159.72%.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent research reports. Raymond James decreased their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Morgan Stanley reduced their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group cut their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.93.

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.