Mirae Asset Global Investments Co. Ltd. Acquires 27,684 Shares of Valero Energy Corporation (NYSE:VLO)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 10.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,673 shares of the oil and gas company's stock after buying an additional 27,684 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Valero Energy worth $40,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of VLO. Oppenheimer & Co. Inc. boosted its stake in Valero Energy by 2.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 51,262 shares of the oil and gas company's stock worth $6,284,000 after buying an additional 1,085 shares during the period. Proficio Capital Partners LLC purchased a new position in Valero Energy during the fourth quarter worth $28,894,000. Verus Capital Partners LLC boosted its stake in Valero Energy by 4.4% during the fourth quarter. Verus Capital Partners LLC now owns 2,876 shares of the oil and gas company's stock worth $353,000 after buying an additional 122 shares during the period. SVB Wealth LLC purchased a new position in Valero Energy during the fourth quarter worth $6,498,000. Finally, Providence First Trust Co purchased a new position in Valero Energy during the fourth quarter worth $78,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLO has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. Mizuho boosted their target price on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. TD Cowen lowered their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James Financial lowered their target price on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group lowered their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.88.

Valero Energy Stock Down 1.6%

NYSE:VLO opened at $134.76 on Friday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a 50-day moving average of $127.81 and a 200 day moving average of $127.67. The firm has a market cap of $42.21 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.82 earnings per share. As a group, research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

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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