Groupama Asset Managment Purchases 8,097 Shares of Valero Energy Corporation $VLO

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Groupama Asset Managment increased its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,745 shares of the oil and gas company's stock after purchasing an additional 8,097 shares during the period. Groupama Asset Managment's holdings in Valero Energy were worth $18,768,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VLO. First Trust Advisors LP increased its position in shares of Valero Energy by 11.1% in the fourth quarter. First Trust Advisors LP now owns 481,526 shares of the oil and gas company's stock worth $59,030,000 after purchasing an additional 48,130 shares during the period. Norinchukin Bank The increased its position in shares of Valero Energy by 11.8% in the fourth quarter. Norinchukin Bank The now owns 15,418 shares of the oil and gas company's stock worth $1,890,000 after purchasing an additional 1,632 shares during the period. MetLife Investment Management LLC increased its position in shares of Valero Energy by 0.6% in the fourth quarter. MetLife Investment Management LLC now owns 83,775 shares of the oil and gas company's stock worth $10,270,000 after purchasing an additional 489 shares during the period. Mirabella Financial Services LLP bought a new position in shares of Valero Energy in the fourth quarter worth $1,288,000. Finally, Transce3nd LLC bought a new position in shares of Valero Energy in the fourth quarter worth $58,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $136.96 on Tuesday. The business's 50-day moving average price is $139.99 and its 200-day moving average price is $130.77. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $155.12. The firm has a market capitalization of $42.55 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 3.24 and a beta of 1.03. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The business's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $2.71 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's payout ratio is currently 188.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VLO. Raymond James Financial raised their price target on Valero Energy from $155.00 to $172.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. UBS Group lifted their target price on Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI assumed coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 target price on the stock. Mizuho lifted their target price on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, TD Cowen cut Valero Energy from a "buy" rating to a "hold" rating and lifted their target price for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $154.47.

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.

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