Groupama Asset Managment Has $18.77 Million Stock Position in Valero Energy Corporation $VLO

Groupama Asset Managment increased its stake in Valero Energy Corporation (NYSE:VLO) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,745 shares of the oil and gas company’s stock after acquiring an additional 8,097 shares during the quarter. Groupama Asset Managment’s holdings in Valero Energy were worth $18,768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. Kestra Private Wealth Services LLC increased its holdings in Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after purchasing an additional 3,503 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Valero Energy in the first quarter worth approximately $766,000. Sendero Wealth Management LLC increased its holdings in Valero Energy by 11.0% in the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock worth $2,668,000 after purchasing an additional 2,000 shares in the last quarter. AlTi Global Inc. increased its holdings in Valero Energy by 18.2% in the fourth quarter. AlTi Global Inc. now owns 64,793 shares of the oil and gas company’s stock worth $8,585,000 after purchasing an additional 9,963 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in Valero Energy by 130.0% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 7,884 shares of the oil and gas company’s stock worth $967,000 after purchasing an additional 4,456 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.1%

Shares of Valero Energy stock opened at $136.96 on Tuesday. The stock has a fifty day simple moving average of $139.99 and a 200 day simple moving average of $130.77. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $155.12. The company has a market capitalization of $42.55 billion, a P/E ratio of 57.07, a price-to-earnings-growth ratio of 3.24 and a beta of 1.03. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. Valero Energy’s revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 3.3%. Valero Energy’s payout ratio is currently 188.33%.

Wall Street Analyst Weigh In

VLO has been the subject of a number of research analyst reports. Barclays lifted their target price on Valero Energy from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a report on Monday, April 28th. The Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $127.00 to $154.00 in a report on Tuesday, May 13th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, UBS Group boosted their price objective on Valero Energy from $164.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 25th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.47.

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.