Magnetar Financial LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 27,818 shares of the oil and gas company’s stock, valued at approximately $4,528,000.
A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock valued at $2,959,065,000 after purchasing an additional 163,975 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after purchasing an additional 63,919 shares during the period. Norges Bank bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $1,111,542,000. Franklin Resources Inc. raised its position in shares of Valero Energy by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after purchasing an additional 394,693 shares during the period. Finally, Barclays PLC raised its position in shares of Valero Energy by 5.3% in the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after purchasing an additional 209,597 shares during the period. Institutional investors own 78.69% of the company’s stock.
Analysts Set New Price Targets
VLO has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Citigroup lifted their price target on shares of Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley lifted their price target on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Piper Sandler lifted their price target on shares of Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Mizuho lifted their price target on shares of Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Two research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.59.
Valero Energy Trading Down 1.1%
Shares of Valero Energy stock opened at $244.49 on Wednesday. The company’s fifty day simple moving average is $245.58 and its 200-day simple moving average is $213.82. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.35 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 1 year low of $130.78 and a 1 year high of $265.61.
Valero Energy (NYSE:VLO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. As a group, sell-side analysts expect that Valero Energy Corporation will post 27.25 EPS for the current year.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.
Valero Energy Profile
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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