Valero Energy Corporation $VLO Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Valero Energy Corporation (NYSE:VLO) by 301.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 61,405 shares of the oil and gas company’s stock after buying an additional 46,120 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Valero Energy were worth $15,172,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Beacon Investment Advisory Services Inc. grew its position in Valero Energy by 33.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after buying an additional 10,634 shares during the last quarter. Barclays PLC increased its stake in Valero Energy by 5.3% in the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after buying an additional 209,597 shares during the period. Friedenthal Financial purchased a new position in Valero Energy during the 4th quarter worth $954,000. CWA Asset Management Group LLC raised its position in Valero Energy by 359.0% during the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after buying an additional 11,140 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new position in Valero Energy during the 3rd quarter worth $3,249,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Mizuho lifted their price objective on Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Raymond James Financial boosted their target price on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. TD Cowen increased their target price on Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group raised their price target on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.59.

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the sale, the senior vice president owned 27,242 shares of the company’s stock, valued at $6,453,629.80. The trade was a 21.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO opened at $236.50 on Friday. The company has a 50-day simple moving average of $245.11 and a 200-day simple moving average of $214.85. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $70.22 billion, a PE ratio of 17.19, a P/E/G ratio of 0.34 and a beta of 0.55. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $265.61.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. Equities research analysts predict that Valero Energy Corporation will post 27.45 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

About Valero Energy

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.