4,011,992 Shares in Valero Energy Corporation (NYSE:VLO) Acquired by Nuveen LLC

Nuveen LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,011,992 shares of the oil and gas company’s stock, valued at approximately $529,864,000. Nuveen LLC owned about 1.28% of Valero Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in shares of Valero Energy during the first quarter valued at $26,000. Hazlett Burt & Watson Inc. raised its stake in Valero Energy by 156.6% during 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 period. Ameriflex Group Inc. purchased a new position in Valero Energy during the 4th quarter valued at approximately $29,000. Hemington Wealth Management boosted its holdings 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 worth $43,000 after purchasing an additional 95 shares during the period. Finally, Iron Horse Wealth Management LLC purchased a new position in shares of Valero Energy in the 1st quarter worth approximately $44,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VLO. Piper Sandler lifted their target price on Valero Energy from $159.00 to $168.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and boosted their price target for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their target price on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Mizuho upped their price target on Valero Energy from $158.00 to $166.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.47.

Valero Energy Trading Up 0.5%

Shares of VLO opened at $133.23 on Monday. The stock has a fifty day moving average of $139.15 and a two-hundred day moving average of $130.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The company has a market capitalization of $41.39 billion, a PE ratio of 55.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $155.12.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same period in the previous year, the company earned $2.71 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. As a group, analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The company 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. This represents a $4.52 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy’s dividend payout ratio is presently 188.33%.

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.