Mirae Asset Global Investments Co. Ltd. increased its holdings in Valero Energy Co. (NYSE:VLO – free report ) by 47.2% in the first quarter, according to the latest disclosures made to the Securities and Exchange Commission. The firm bought an additional 74,782 shares during the quarter, bringing its holdings to 233,125 shares of the oil and gas company. Mirae Asset Global Investments Co. Ltd. holds 0.07% of Valero Energy, valued at $37,156,000, as of the latest SEC filing.
Other large investors also recently added to or reduced their holdings in the company. BKM Wealth Management LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Valero Energy in the first quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Valero Energy in the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $38,000. Finally, McIlrath & Eck LLC increased its stake in Valero Energy by 40.3% in the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 87 shares during the period. Currently, 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Insider Trading
In related news, Director, Kimberly S. Green sold 720 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction value of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. The insider now owns 0.47% of the company’s shares.
Valero Energy Price Performance
Shares of NYSE:VLO opened trading at $152.78 on Friday. Valero Energy Inc.’s low and high in the past 12 months are $112.16 and $184.79, respectively. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 7.57, a price-to-earnings ratio of 1.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company’s 50-day moving average price is $156.40 and its 200-day moving average price is $151.26.
Valero Energy (NYSE:VLO – get free report ) last released its earnings results on Thursday, April 25th. The oil and gas company reported quarterly EPS of $3.82, beating analysts’ consensus estimates of $3.18 by $0.64. The business had quarterly revenues of $31.76 billion, compared to analysts’ expectations of $32.02 billion. Valero Energy had a return on equity of 24.82%, and a net margin of 5.01%. Revenues from the business were down 12.8% year-over-year. During the same period last year, the company earned $8.27 per share. Overall, sell-side analysts expect Valero Energy to earn $16.09 per share for the current fiscal year.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were paid a $1.07 dividend. This equates to an annualized dividend of $4.28, or a dividend yield of 2.80%. The ex-dividend date is Thursday, May 30th. Valero Energy’s dividend payout ratio is currently 21.20%.
Wall Street analysts predict growth
Several stock analysts have commented on the stock. StockNews.com raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Piper Sandler lowered their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the company in a research note on Friday, June 14th. Bank of America raised their rating on Valero Energy from a “neutral” to a “buy” rating and increased their price target on the company from $156.00 to $210.00 in a report on Friday, March 15th. TD Cowen lowered their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the company in a research note on Monday, April 29th. Finally, Barclays lowered their price target on Valero Energy from $173.00 to $171.00 and gave the stock an “overweight” rating in a research note on Monday, July 1. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating, and one has given a strong buy rating. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of a “moderate buy” and a consensus price target of $171.47.
Check out the latest research report on Valero Energy
Valero Energy Company Profile
(Free report)
Valero Energy Corporation manufactures, markets and sells petroleum-based, low-carbon liquid transportation fuels and petrochemicals in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru and worldwide. The company operates through three segments: Refining, Renewable Diesel and Ethanol.
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