OMERS ADMINISTRATION Corp Boosts Position in Valero Energy Co. (NYSE:VLO)

OMERS ADMINISTRATION Corp increased its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,148 shares of the oil and gas company's stock after buying an additional 2,323 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Valero Energy were worth $1,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in Valero Energy by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock worth $14,751,000 after buying an additional 455 shares during the period. Hudson Capital Management LLC increased its holdings in Valero Energy by 6.5% in the 4th quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock worth $3,897,000 after buying an additional 1,937 shares during the period. Miracle Mile Advisors LLC acquired a new position in Valero Energy in the 4th quarter worth approximately $274,000. Patten Group Inc. acquired a new position in Valero Energy in the 4th quarter worth approximately $277,000. Finally, Occidental Asset Management LLC acquired a new position in Valero Energy in the 4th quarter worth approximately $319,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Price Performance

VLO stock traded up $0.39 during midday trading on Friday, reaching $135.76. The stock had a trading volume of 2,252,609 shares, compared to its average volume of 3,032,204. The company's fifty day simple moving average is $121.08 and its 200 day simple moving average is $128.57. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 52-week low of $99.00 and a 52-week 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). The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.82 EPS. As a group, sell-side analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be issued a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.33%. Valero Energy's payout ratio is currently 159.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on VLO. Piper Sandler cut their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $127.00 to $154.00 in a report on Tuesday, May 13th. Morgan Stanley cut their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. UBS Group cut their target price on shares of Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, TD Cowen cut their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $151.93.

Valero Energy 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.