IFM Investors Pty Ltd Has $7.17 Million Stake in Valero Energy Corporation $VLO

Key Points

• IFM Investors Pty Ltd increased its holdings in Valero Energy Corporation by 14.8% in the first quarter, now owning 54,279 shares worth approximately $7.17 million after acquiring an additional 6,998 shares.
• Valero reported $2.28 earnings per share for the quarter, exceeding estimates of $1.66, despite a 13.3% year-over-year decline in revenue to $29.89 billion.
• The company declared a quarterly dividend of $1.13, with an annualized dividend yield of 2.9%, though its payout ratio stands at a high 188.33%.

IFM Investors Pty Ltd lifted its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 14.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,279 shares of the oil and gas company's stock after acquiring an additional 6,998 shares during the period. IFM Investors Pty Ltd's holdings in Valero Energy were worth $7,169,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock worth $1,510,586,000 after purchasing an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock worth $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Valero Energy in the 1st quarter valued at $529,864,000. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the topic of several recent analyst reports. Raymond James Financial boosted their price target on Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a research note on Tuesday. Morgan Stanley boosted their price target on Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler boosted their price target on Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. Wolfe Research lowered Valero Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Citigroup lowered Valero Energy from a "buy" rating to a "neutral" rating and boosted their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

Valero Energy Trading Down 0.5%

Shares of VLO stock traded down $0.81 on Friday, reaching $156.78. 1,642,612 shares of the stock were exchanged, compared to its average volume of 2,390,270. The stock has a market cap of $48.70 billion, a PE ratio of 65.33, a P/E/G ratio of 1.85 and a beta of 1.10. Valero Energy Corporation has a one year low of $99.00 and a one year high of $163.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The stock has a 50 day moving average price of $145.24 and a 200 day moving average price of $132.89.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm's revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, July 31st. Valero Energy's dividend payout ratio is currently 188.33%.

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.