Dai ichi Life Insurance Company Ltd Has $1.04 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Dai ichi Life Insurance Company Ltd lifted its position in Valero Energy Co. (NYSE:VLO) by 183.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,726 shares of the oil and gas company’s stock after buying an additional 5,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Valero Energy were worth $1,043,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. EdgeRock Capital LLC bought a new position in shares of Valero Energy in the 2nd quarter valued at approximately $27,000. Lynx Investment Advisory bought a new stake in shares of Valero Energy during the 2nd quarter worth $29,000. Pathway Financial Advisers LLC acquired a new position in Valero Energy in the 1st quarter valued at $33,000. Summit Securities Group LLC bought a new position in Valero Energy in the 2nd quarter worth $31,000. Finally, Peterson Financial Group Inc. bought a new stake in Valero Energy during the third quarter valued at about $28,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE VLO opened at $138.55 on Thursday. The firm has a market cap of $43.86 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.61 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79. The company has a 50 day moving average of $136.83 and a 200-day moving average of $145.51.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.49 EPS. On average, equities analysts forecast that Valero Energy Co. will post 8.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.09%. Valero Energy’s payout ratio is 38.39%.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent analyst reports. Scotiabank decreased their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets reduced their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Bank of America initiated coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, TD Cowen cut their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Company 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.