MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $4.32 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 51.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,993 shares of the oil and gas company’s stock after selling 33,614 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Valero Energy were worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VLO. Acadian Asset Management LLC boosted its position in shares of Valero Energy by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after acquiring an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after purchasing an additional 237,347 shares during the last quarter. AQR Capital Management LLC lifted its stake in Valero Energy by 17.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock valued at $238,841,000 after purchasing an additional 232,494 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Valero Energy in the 1st quarter valued at approximately $39,517,000. Finally, Hsbc Holdings PLC lifted its stake in Valero Energy by 20.5% in the 2nd quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock valued at $179,490,000 after purchasing an additional 194,974 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE VLO opened at $142.34 on Monday. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The firm has a fifty day simple moving average of $141.01 and a 200 day simple moving average of $152.70. The company has a market capitalization of $45.60 billion, a PE ratio of 8.13, a P/E/G ratio of 3.71 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $5.40 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 9.61 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s payout ratio is 24.46%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research reports. The Goldman Sachs Group dropped their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Mizuho dropped their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Barclays dropped their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $162.60.

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.