Elo Mutual Pension Insurance Co Buys 5,568 Shares of Valero Energy Co. (NYSE:VLO)

Elo Mutual Pension Insurance Co raised its position in shares of Valero Energy Co. (NYSE:VLO) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,430 shares of the oil and gas company’s stock after purchasing an additional 5,568 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Valero Energy were worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its holdings in Valero Energy by 1,816.6% during the fourth quarter. WINTON GROUP Ltd now owns 54,432 shares of the oil and gas company’s stock valued at $6,673,000 after purchasing an additional 51,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Valero Energy by 6.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 504,221 shares of the oil and gas company’s stock valued at $62,655,000 after purchasing an additional 30,131 shares during the period. Korea Investment CORP lifted its stake in shares of Valero Energy by 23.2% during the 4th quarter. Korea Investment CORP now owns 251,769 shares of the oil and gas company’s stock valued at $30,864,000 after buying an additional 47,416 shares in the last quarter. Ausdal Financial Partners Inc. boosted its holdings in Valero Energy by 16.4% in the 4th quarter. Ausdal Financial Partners Inc. now owns 4,458 shares of the oil and gas company’s stock worth $547,000 after buying an additional 629 shares during the period. Finally, Financial Counselors Inc. grew its stake in Valero Energy by 2.8% in the 4th quarter. Financial Counselors Inc. now owns 3,897 shares of the oil and gas company’s stock valued at $478,000 after buying an additional 107 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VLO. Wells Fargo & Company dropped their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Mizuho cut their target price on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Piper Sandler reduced their target price on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company 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 report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.67.

Valero Energy Trading Down 1.0 %

Shares of VLO opened at $133.14 on Friday. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The company has a market capitalization of $41.94 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm’s 50 day simple moving average is $133.68 and its 200 day simple moving average is $133.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Sell-side analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.39%. Valero Energy’s dividend payout ratio is 53.30%.

Valero Energy Company 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.