Robeco Institutional Asset Management B.V. Acquires 109,546 Shares of Valero Energy Corporation $VLO

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Valero Energy Corporation by 57.9%, acquiring an additional 109,546 shares to bring its total holdings to 298,757 shares valued at approximately $40.16 million.
• Valero Energy reported a quarterly earnings per share of $2.28, significantly beating analysts' expectations of $1.66, although quarterly revenue fell by 13.3% compared to the previous year.
• The company announced a quarterly dividend of $1.13 per share, resulting in an annualized dividend of $4.52 and a yield of 2.8%, with a high payout ratio of 188.33%.

Robeco Institutional Asset Management B.V. increased its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 57.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,757 shares of the oil and gas company's stock after acquiring an additional 109,546 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of Valero Energy worth $40,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Newman Dignan & Sheerar Inc. bought a new position in shares of Valero Energy in the 2nd quarter worth about $215,000. SOA Wealth Advisors LLC. grew its position in Valero Energy by 516.1% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 764 shares of the oil and gas company's stock valued at $103,000 after purchasing an additional 640 shares during the last quarter. QTR Family Wealth LLC grew its position in Valero Energy by 16.2% during the 2nd quarter. QTR Family Wealth LLC now owns 2,333 shares of the oil and gas company's stock valued at $314,000 after purchasing an additional 325 shares during the last quarter. Marino Stram & Associates LLC grew its position in Valero Energy by 1.9% during the 2nd quarter. Marino Stram & Associates LLC now owns 8,484 shares of the oil and gas company's stock valued at $1,140,000 after purchasing an additional 159 shares during the last quarter. Finally, Community Bank & Trust Waco Texas grew its position in Valero Energy by 0.6% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 58,308 shares of the oil and gas company's stock valued at $7,838,000 after purchasing an additional 340 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $160.37 on Friday. The firm's 50-day moving average price is $151.24 and its 200-day moving average price is $136.92. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The company has a market cap of $49.82 billion, a PE ratio of 66.82, a PEG ratio of 1.73 and a beta of 1.05. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 EPS. As a group, analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley downgraded shares of Valero Energy from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $160.00 to $175.00 in a research report on Friday. TD Cowen downgraded shares of Valero Energy from a "buy" rating to a "hold" rating and increased their price objective for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Piper Sandler increased their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Citigroup downgraded shares of Valero Energy from a "buy" rating to a "neutral" rating and increased their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, UBS Group increased their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $166.07.

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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