Raiffeisen Bank International AG Purchases New Position in Valero Energy Co. (NYSE:VLO)

Raiffeisen Bank International AG acquired a new position in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,883 shares of the oil and gas company's stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VLO. New Wave Wealth Advisors LLC bought a new position in Valero Energy during the 4th quarter worth approximately $25,000. Tobam bought a new position in Valero Energy during the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new position in Valero Energy in the fourth quarter worth $38,000. OFI Invest Asset Management bought a new stake in Valero Energy during the fourth quarter valued at $37,000. Finally, Creative Capital Management Investments LLC raised its holdings in shares of Valero Energy by 122.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

Shares of NYSE:VLO traded down $2.13 during midday trading on Tuesday, reaching $132.20. 1,908,613 shares of the company's stock were exchanged, compared to its average volume of 3,024,485. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company's 50 day simple moving average is $121.39 and its two-hundred day simple moving average is $128.63. The firm has a market capitalization of $41.41 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78.

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

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.42%. Valero Energy's dividend payout ratio (DPR) is currently 159.72%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen decreased 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 report on Friday, April 25th. Mizuho lifted their price objective 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. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $151.93.

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.