Valero Energy Co. (NYSE:VLO) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,987 shares of the oil and gas company’s stock after purchasing an additional 5,637 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Valero Energy were worth $3,308,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VLO. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth about $25,000. Tobam purchased a new stake in shares of Valero Energy during the 4th quarter worth approximately $30,000. True Wealth Design LLC grew its holdings in shares of Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 183 shares during the period. OFI Invest Asset Management purchased a new position in Valero Energy in the 4th quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VLO shares. Mizuho dropped their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler reduced their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.67.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $131.43 on Friday. The company has a market cap of $41.40 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36. The business has a fifty day simple moving average of $133.49 and a 200-day simple moving average of $133.31. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Equities research analysts forecast that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a dividend of $1.13 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a yield of 3.44%. Valero Energy’s dividend payout ratio is 53.30%.

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.