Achmea Investment Management B.V. Takes $4.21 Million Position in Valero Energy Co. (NYSE:VLO)

Achmea Investment Management B.V. acquired a new stake in shares of Valero Energy Co. (NYSE:VLOGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,474 shares of the oil and gas company’s stock, valued at approximately $4,211,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its holdings in shares of Valero Energy by 3.6% during the 1st quarter. Hsbc Holdings PLC now owns 457,965 shares of the oil and gas company’s stock valued at $46,532,000 after purchasing an additional 16,059 shares during the last quarter. SVB Wealth LLC lifted its holdings in shares of Valero Energy by 8.0% during the 1st quarter. SVB Wealth LLC now owns 316,349 shares of the oil and gas company’s stock valued at $32,122,000 after purchasing an additional 23,486 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Valero Energy during the 1st quarter valued at $206,000. Centaurus Financial Inc. raised its stake in Valero Energy by 69.6% in the 1st quarter. Centaurus Financial Inc. now owns 15,926 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 6,536 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Valero Energy by 65.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,374,688 shares of the oil and gas company’s stock worth $139,586,000 after acquiring an additional 545,185 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Valero Energy Price Performance

NYSE:VLO opened at $113.32 on Monday. Valero Energy Co. has a 52 week low of $61.86 and a 52 week high of $146.80. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $44.64 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68. The stock’s 50-day moving average price is $111.27 and its 200-day moving average price is $110.43.

Valero Energy (NYSE:VLOGet Rating) last posted its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $5.03. Valero Energy had a return on equity of 34.65% and a net margin of 4.54%. The firm had revenue of $51.64 billion for the quarter, compared to analysts’ expectations of $40.73 billion. During the same period last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 86.1% on a year-over-year basis. As a group, equities analysts expect that Valero Energy Co. will post 26.79 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 4th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Wednesday, August 3rd. Valero Energy’s dividend payout ratio (DPR) is presently 22.57%.

Analyst Ratings Changes

VLO has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Valero Energy from $136.00 to $166.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 14th. StockNews.com upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 5th. BMO Capital Markets initiated coverage on Valero Energy in a research note on Monday, June 13th. They issued a “market perform” rating and a $155.00 target price for the company. Credit Suisse Group raised their target price on Valero Energy to $145.00 in a research note on Thursday, June 9th. Finally, Morgan Stanley raised their target price on Valero Energy from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, July 15th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Buy” and a consensus target price of $132.23.

Valero Energy Profile

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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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