Mirae Asset Global Investments Co. Ltd. Makes New $31.44 Million Investment in Valero Energy Corporation $VLO

Mirae Asset Global Investments Co. Ltd. bought a new stake in Valero Energy Corporation (NYSE:VLO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 81,114 shares of the oil and gas company’s stock, valued at approximately $31,441,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. boosted its position in Valero Energy by 36.0% in the third quarter. Vise Technologies Inc. now owns 17,247 shares of the oil and gas company’s stock valued at $6,685,000 after buying an additional 4,563 shares in the last quarter. Unison Advisors LLC grew its stake in Valero Energy by 0.4% during the third quarter. Unison Advisors LLC now owns 15,985 shares of the oil and gas company’s stock worth $6,196,000 after buying an additional 67 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of Valero Energy by 21.7% during the third quarter. Moss Adams Wealth Advisors LLC now owns 1,111 shares of the oil and gas company’s stock worth $431,000 after buying an additional 198 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Valero Energy by 3.4% during the third quarter. MGO One Seven LLC now owns 26,492 shares of the oil and gas company’s stock worth $10,269,000 after buying an additional 866 shares in the last quarter. Finally, Charter Capital Management LLC DE acquired a new stake in shares of Valero Energy during the third quarter worth approximately $243,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 4.7%

Shares of NYSE VLO opened at $380.86 on Tuesday. Valero Energy Corporation has a 12-month low of $159.90 and a 12-month high of $461.52. The firm’s 50-day simple moving average is $398.27 and its 200 day simple moving average is $286.06. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The company has a market cap of $109.66 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.20 and a beta of 0.59.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating the consensus estimate of $21.17 by $2.73. The firm had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a net margin of 8.44% and a return on equity of 47.50%. The company’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.66 EPS. On average, research analysts expect that Valero Energy Corporation will post 57.42 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 Monday, December 21st. Stockholders of record on Tuesday, November 24th 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 1.3%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio is presently 10.80%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VLO. Morgan Stanley lifted their target price on shares of Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company increased their price target on Valero Energy from $485.00 to $489.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. TD Cowen raised their price target on Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a report on Thursday, October 22nd. Finally, Piper Sandler lifted their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $380.47.

Valero Energy News Summary

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Morgan Stanley raised its price target for VLO to $420 from $411 while maintaining an “equal weight” rating. The new target implies roughly 10% upside from the referenced share price, providing some support despite the neutral recommendation. Morgan Stanley raises Valero Energy price target
• Positive Sentiment: Valero agreed to acquire LyondellBasell’s former Houston refinery site for $320.5 million. The transaction could expand or improve Valero’s refining asset base and may offer longer-term operating and portfolio benefits, although near-term financial effects were not detailed. LyondellBasell to Sell Former Houston Refinery Site
• Positive Sentiment: Recent research continues to characterize VLO as a value-oriented stock. Zacks highlighted Valero among companies with favorable profitability and valuation characteristics, while noting its strong return on equity and relatively inexpensive earnings multiple. Why Valero Energy Is a Top Value Stock
• Neutral Sentiment: Unusually high options volume was reported for VLO. Elevated activity can signal increased investor positioning or expectations for volatility, but the report does not establish whether traders are bullish or bearish. Valero Energy Sees Unusually High Options Volume

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.