Invesco Ltd. Has $647.82 Million Stock Position in Valero Energy Corporation (NYSE:VLO)

Key Points

• Invesco Ltd. increased its stake in Valero Energy Corporation by 34.1% during the first quarter, owning approximately $647.82 million in stocks representing 1.57% of the company.
• The stock price target for Valero Energy has seen mixed adjustments, with JPMorgan lowering its estimate to $147, while Raymond James raised it to $172, leading to a current consensus rating of "Moderate Buy."
• Valero Energy is set to distribute a quarterly dividend of $1.13, giving an annualized yield of 3.4%, despite a net margin decrease in its latest earnings report.

Invesco Ltd. lifted its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 34.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,905,145 shares of the oil and gas company's stock after acquiring an additional 1,247,196 shares during the quarter. Invesco Ltd. owned about 1.57% of Valero Energy worth $647,823,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in VLO. Vanguard Group Inc. raised its holdings in Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock valued at $5,135,043,000 after acquiring an additional 4,155,522 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Valero Energy by 15,395.5% in the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock valued at $179,047,000 after purchasing an additional 1,346,950 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Valero Energy in the 4th quarter valued at approximately $98,376,000. Charles Schwab Investment Management Inc. grew its stake in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Valero Energy by 15.9% in the 4th quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company's stock valued at $472,077,000 after purchasing an additional 529,513 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Raymond James Financial increased 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 increased their price target on Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Citigroup lowered Valero Energy from a "buy" rating to a "neutral" rating and increased their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, Evercore ISI began coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.47.

Valero Energy Stock Up 0.5%

Valero Energy stock opened at $133.23 on Friday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12. The firm has a market capitalization of $41.39 billion, a price-to-earnings ratio of 55.51, a P/E/G ratio of 3.12 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. The firm has a 50 day simple moving average of $139.15 and a 200 day simple moving average of $130.95.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm's revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.71 EPS. On average, analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

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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