MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.82 Million Holdings in Valero Energy Corporation $VLO

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in Valero Energy Corporation by 38.8%, now owning 13,504 shares worth approximately $1.82 million.
• Research analysts have recently raised their price targets for Valero Energy, with Morgan Stanley increasing its target from $145.00 to $160.00 and Bank of America upgrading to a "buy" rating with a price objective of $179.00.
• Valero Energy reported a quarterly EPS of $2.28, surpassing analyst expectations of $1.66, despite a year-over-year revenue decline of 13.3% to $29.89 billion.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,504 shares of the oil and gas company's stock after selling 8,546 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Valero Energy were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its position in Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock worth $2,959,000 after acquiring an additional 3,503 shares in the last quarter. Hancock Whitney Corp boosted its holdings in Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock worth $6,138,000 after purchasing an additional 3,790 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Valero Energy during the first quarter worth $766,000. Sendero Wealth Management LLC increased its position in Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock worth $2,668,000 after buying an additional 2,000 shares during the last quarter. Finally, FORA Capital LLC bought a new position in Valero Energy during the first quarter valued at about $866,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and increased their price target for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Bank of America upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Piper Sandler raised their target price on shares of Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Finally, Evercore ISI lifted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.00.

Valero Energy Stock Performance

NYSE VLO opened at $174.62 on Friday. 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 firm has a market capitalization of $54.25 billion, a price-to-earnings ratio of 72.76, a P/E/G ratio of 1.80 and a beta of 1.10. The company's fifty day moving average is $148.38 and its two-hundred day moving average is $135.25. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $176.02.

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

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. Valero Energy's dividend payout ratio (DPR) 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.

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