MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 28,164 Shares of Valero Energy Co. (NYSE:VLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 56.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,050 shares of the oil and gas company's stock after selling 28,164 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Valero Energy were worth $2,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in Valero Energy in the fourth quarter worth about $29,000. OFI Invest Asset Management purchased a new position in shares of Valero Energy in the 4th quarter valued at $37,000. Creative Capital Management Investments LLC grew its stake in Valero Energy by 122.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after buying an additional 183 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Valero Energy during the 4th quarter worth $44,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Valero Energy during the 4th quarter worth about $52,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

VLO traded up $0.54 during midday trading on Friday, reaching $134.04. 3,758,276 shares of the company's stock were exchanged, compared to its average volume of 3,036,156. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. The business has a 50-day simple moving average of $122.26 and a two-hundred day simple moving average of $127.48. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same period in the prior year, the business earned $3.82 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.37%. Valero Energy's dividend payout ratio (DPR) is currently 159.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on VLO. Morgan Stanley reduced their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Mizuho lifted their target price on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. TD Cowen cut their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays boosted their price target on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Raymond James lowered their price objective on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $151.93.

About Valero Energy

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.