B. Metzler seel. Sohn & Co. Holding AG Purchases New Holdings in Valero Energy Co. (NYSE:VLO)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,748 shares of the oil and gas company’s stock, valued at approximately $5,502,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Private Wealth Advisors LLC grew its holdings in Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the period. OmniStar Financial Group Inc. increased its holdings in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after acquiring an additional 70 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC raised its position in shares of Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC lifted its holdings in shares of Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 73 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

NYSE:VLO opened at $142.01 on Wednesday. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79. The firm has a market capitalization of $44.96 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 2.69 and a beta of 1.39. The stock’s 50 day moving average price is $136.15 and its two-hundred day moving average price is $146.15. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter last year, the firm posted $7.49 EPS. The company’s quarterly revenue was down 14.4% on a year-over-year basis. On average, analysts anticipate that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho lowered their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.86.

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.