SBI Okasan Asset Management Co.Ltd. acquired a new stake in Valero Energy Corporation (NYSE:VLO – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,700 shares of the oil and gas company’s stock, valued at approximately $447,000.
A number of other hedge funds also recently made changes to their positions in VLO. JPL Wealth Management LLC acquired a new position in shares of Valero Energy in the 3rd quarter valued at $27,000. Torren Management LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at $30,000. Triumph Capital Management acquired a new position in shares of Valero Energy in the 3rd quarter valued at $35,000. Accordant Advisory Group Inc raised its stake in shares of Valero Energy by 194.4% in the 4th quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 140 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Stock Up 0.1%
Shares of NYSE:VLO opened at $245.08 on Friday. Valero Energy Corporation has a 12 month low of $125.10 and a 12 month high of $263.75. The company’s 50-day moving average price is $242.80 and its two-hundred day moving average price is $207.03. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market cap of $72.77 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.36 and a beta of 0.58.
Valero Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 2.0%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.
Insiders Place Their Bets
In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the sale, the senior vice president directly owned 42,242 shares in the company, valued at approximately $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.36% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on VLO shares. Morgan Stanley increased their price objective on shares of Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. BMO Capital Markets increased their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. The Goldman Sachs Group increased their price objective on shares of Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.65.
View Our Latest Stock Analysis on Valero Energy
About Valero Energy
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
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