Valero Energy Co. (NYSE:VLO) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,585 shares of the oil and gas company’s stock after buying an additional 146 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Valero Energy were worth $1,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Private Wealth Advisors LLC boosted its position in shares of Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 65 shares during the last quarter. OmniStar Financial Group Inc. raised its position in Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 70 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC raised its holdings in Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC boosted its stake in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $140.16 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $135.71 and a 200-day moving average of $146.70. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the prior year, the business posted $7.49 earnings per share. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. Analysts forecast that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on VLO. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Citigroup lowered their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Barclays lowered their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $155.86.

About Valero Energy

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.