B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,220 shares of the oil and gas company's stock after selling 3,267 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Valero Energy were worth $8,912,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Sierra Summit Advisors LLC lifted its holdings in shares of Valero Energy by 2,325.2% during the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company's stock worth $5,922,000 after acquiring an additional 34,878 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Valero Energy by 846.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company's stock valued at $2,401,000 after acquiring an additional 13,194 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Valero Energy by 4.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company's stock worth $47,546,000 after purchasing an additional 7,702 shares in the last quarter. North Dakota State Investment Board bought a new position in Valero Energy during the fourth quarter worth about $1,743,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Valero Energy during the fourth quarter valued at approximately $2,268,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the business's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on VLO shares. Weiss Ratings raised Valero Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price target on Valero Energy from $292.00 to $356.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Piper Sandler reiterated an "overweight" rating and set a $329.00 price objective on shares of Valero Energy in a research note on Thursday, July 23rd. Zacks Research raised Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Finally, Mizuho boosted their target price on shares of Valero Energy from $289.00 to $300.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $288.00.
Get Our Latest Stock Report on VLO
Valero Energy Stock Performance
Valero Energy stock opened at $341.30 on Friday. The stock has a 50-day simple moving average of $291.11 and a 200 day simple moving average of $253.02. The stock has a market capitalization of $98.27 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12-month low of $137.88 and a 12-month high of $352.70.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same quarter last year, the business posted $2.28 earnings per share. Valero Energy's revenue for the quarter was up 48.8% compared to the same quarter last year. On average, research analysts anticipate that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy's dividend payout ratio (DPR) is 19.92%.
About Valero Energy
(
Free Report)
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company's operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
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