AG2R LA Mondiale Gestion D Actifs Takes $5.36 Million Position in Valero Energy Corporation $VLO

AG2R LA Mondiale Gestion D Actifs bought a new stake in Valero Energy Corporation (NYSE:VLO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,553 shares of the oil and gas company’s stock, valued at approximately $5,359,000.

A number of other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Valero Energy during the first quarter worth about $26,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Valero Energy in the 4th quarter valued at approximately $29,000. Hemington Wealth Management lifted its stake in shares of Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 95 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Valero Energy in the 1st quarter valued at approximately $43,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLO. Piper Sandler raised their price target on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI began coverage on Valero Energy in a research note on Wednesday, June 18th. They set an “in-line” rating and a $135.00 price target for the company. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Finally, Raymond James Financial raised their price target on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Valero Energy Trading Down 0.6%

Shares of NYSE:VLO opened at $157.55 on Friday. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $163.02. The business’s fifty day simple moving average is $144.98 and its 200-day simple moving average is $132.71. The company has a market capitalization of $48.94 billion, a PE ratio of 65.65, a P/E/G ratio of 1.86 and a beta of 1.10. 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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $27 billion. During the same period last year, the business posted $2.71 EPS. The business’s revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, July 31st. Valero Energy’s payout ratio is presently 188.33%.

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.