Sumitomo Mitsui Trust Group Inc. Has $94.77 Million Holdings in Valero Energy Corporation (NYSE:VLO)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 0.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 717,589 shares of the oil and gas company's stock after selling 3,620 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Valero Energy worth $94,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock valued at $4,257,024,000 after purchasing an additional 4,805,133 shares during the period. Charles Schwab Investment Management Inc. increased its position in Valero Energy by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after purchasing an additional 413,963 shares during the period. Ameriprise Financial Inc. increased its position in Valero Energy by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company's stock valued at $973,119,000 after purchasing an additional 429,252 shares during the period. Geode Capital Management LLC grew its position in shares of Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after buying an additional 100,248 shares during the period. Finally, Norges Bank acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $669,400,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Performance

NYSE VLO opened at $134.76 on Monday. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 2.35 and a beta of 0.99. The company has a 50-day simple moving average of $127.81 and a two-hundred day simple moving average of $127.65. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $270.00.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results 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). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the prior year, the business posted $3.82 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a $1.13 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.35%. Valero Energy's payout ratio is presently 159.72%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Mizuho raised their price objective on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Barclays raised their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Scotiabank reduced 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 report on Friday, April 11th. Finally, TD Cowen reduced their price objective 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. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $150.88.

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.

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.