Nisa Investment Advisors LLC Has $18.18 Million Stock Holdings in Valero Energy Corporation (NYSE:VLO)

Nisa Investment Advisors LLC boosted its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,613 shares of the oil and gas company's stock after buying an additional 2,274 shares during the quarter. Nisa Investment Advisors LLC's holdings in Valero Energy were worth $18,175,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VLO. World Investment Advisors boosted its stake in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock valued at $530,000 after purchasing an additional 78 shares during the period. Providence Wealth Advisors LLC raised its stake in Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock valued at $1,086,000 after purchasing an additional 94 shares during the last quarter. Field & Main Bank boosted its holdings in Valero Energy by 1.2% in the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 97 shares during the period. Heritage Wealth Management Inc. grew its position in Valero Energy by 0.5% in the 1st quarter. Heritage Wealth Management Inc. now owns 19,349 shares of the oil and gas company's stock worth $2,555,000 after purchasing an additional 97 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its holdings in shares of Valero Energy by 1.8% during the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after purchasing an additional 99 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the topic of several research reports. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. Piper Sandler lowered their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Mizuho lifted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Raymond James Financial raised their price objective on shares of Valero Energy from $150.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, June 30th. Three equities 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, Valero Energy currently has a consensus rating of "Moderate Buy" and an average price target of $152.31.

Valero Energy Trading Up 0.3%

Shares of NYSE VLO opened at $149.11 on Thursday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $132.49 and a two-hundred day moving average of $128.68. The company has a market cap of $46.70 billion, a PE ratio of 52.69, a P/E/G ratio of 2.58 and a beta of 1.00.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.82 EPS. As a group, equities analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is 159.72%.

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.

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