Valero Energy Corporation (NYSE:VLO) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,919 shares of the oil and gas company's stock after purchasing an additional 4,563 shares during the period. Asset Management One Co. Ltd.'s holdings in Valero Energy were worth $16,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patten Group Inc. acquired a new stake in Valero Energy during the fourth quarter worth about $277,000. Charles Schwab Investment Management Inc. increased its position in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after purchasing an additional 413,963 shares during the last quarter. Sendero Wealth Management LLC increased its position in shares of Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock valued at $2,668,000 after acquiring an additional 2,000 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Valero Energy by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 16,056 shares of the oil and gas company's stock valued at $1,920,000 after acquiring an additional 3,004 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its position in shares of Valero Energy by 3.0% during the fourth quarter. Applied Finance Capital Management LLC now owns 178,293 shares of the oil and gas company's stock valued at $21,857,000 after acquiring an additional 5,203 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 0.1%

Shares of Valero Energy stock opened at $135.72 on Thursday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $167.78. The company has a 50 day moving average of $126.78 and a 200 day moving average of $127.67. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $42.51 billion, a P/E ratio of 47.96, a P/E/G ratio of 2.37 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $28.54 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.33%. Valero Energy's dividend payout ratio is currently 159.72%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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. Morgan Stanley dropped their price target 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. Evercore ISI assumed coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price target for the company. Scotiabank dropped their price target 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, Mizuho lifted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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