Siemens Fonds Invest GmbH Raises Stake in Valero Energy Co. (NYSE:VLO)

Siemens Fonds Invest GmbH lifted its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 350.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,196 shares of the oil and gas company's stock after buying an additional 42,931 shares during the period. Siemens Fonds Invest GmbH's holdings in Valero Energy were worth $6,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of VLO. Exchange Traded Concepts LLC raised its stake in Valero Energy by 175.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,446 shares of the oil and gas company's stock worth $1,526,000 after purchasing an additional 7,934 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Valero Energy by 4.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,312 shares of the oil and gas company's stock worth $283,000 after purchasing an additional 100 shares during the period. Drive Wealth Management LLC raised its stake in Valero Energy by 10.3% during the fourth quarter. Drive Wealth Management LLC now owns 6,392 shares of the oil and gas company's stock worth $784,000 after purchasing an additional 599 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Valero Energy by 4.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,351 shares of the oil and gas company's stock worth $779,000 after purchasing an additional 285 shares during the period. Finally, Blue Trust Inc. raised its stake in Valero Energy by 53.2% during the fourth quarter. Blue Trust Inc. now owns 4,049 shares of the oil and gas company's stock worth $547,000 after purchasing an additional 1,406 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Down 0.3%

Shares of VLO stock traded down $0.36 during trading on Friday, reaching $128.80. The company's stock had a trading volume of 3,870,512 shares, compared to its average volume of 3,036,263. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.93 and a beta of 0.98. The stock's 50-day moving average price is $120.80 and its 200 day moving average price is $128.29. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last announced 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). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same quarter last year, the firm posted $3.82 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 dividend on an annualized basis and a yield of 3.51%. Valero Energy's dividend payout ratio is currently 159.72%.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Wells Fargo & Company dropped their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. UBS Group dropped their price target on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Piper Sandler dropped their price target on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, TD Cowen dropped their price target 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. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $151.93.

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.