Valero Energy Corporation (NYSE:VLO) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,211 shares of the oil and gas company's stock after acquiring an additional 11,798 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Valero Energy worth $24,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in Valero Energy in the fourth quarter valued at about $29,000. OFI Invest Asset Management bought a new stake in shares of Valero Energy in the 4th quarter valued at about $37,000. Millstone Evans Group LLC purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $44,000. SBI Securities Co. Ltd. bought a new position in shares of Valero Energy during the 4th quarter worth approximately $52,000. Finally, Transce3nd LLC purchased a new stake in Valero Energy during the fourth quarter valued at approximately $58,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of several research analyst reports. Morgan Stanley dropped their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Piper Sandler cut their target price 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. 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 research note on Monday, April 28th. Finally, TD Cowen dropped 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. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus target price of $150.88.

Valero Energy Price Performance

NYSE VLO traded down $2.21 during trading hours on Friday, reaching $134.76. The company's stock had a trading volume of 8,049,061 shares, compared to its average volume of 3,046,881. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 47.62, a P/E/G ratio of 2.35 and a beta of 0.99. The company's 50-day moving average is $127.81 and its two-hundred day moving average is $127.67. 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 Corporation has a 1-year low of $99.00 and a 1-year high of $167.78.

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 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The business had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same quarter last year, the firm earned $3.82 earnings per share. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is presently 159.72%.

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.