Norinchukin Bank The Boosts Holdings in Valero Energy Corporation $VLO

Norinchukin Bank The grew its stake in Valero Energy Corporation (NYSE:VLO) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,953 shares of the oil and gas company’s stock after purchasing an additional 2,535 shares during the quarter. Norinchukin Bank The’s holdings in Valero Energy were worth $2,371,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after acquiring an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after acquiring an additional 7,931,018 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Valero Energy by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company’s stock worth $973,119,000 after acquiring an additional 429,252 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of several recent research reports. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Barclays boosted their price target on shares of Valero Energy from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. The Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Finally, Mizuho upped their price target on Valero Energy from $158.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $154.47.

Valero Energy Trading Up 3.5%

Shares of Valero Energy stock opened at $145.1990 on Friday. The stock has a 50 day moving average of $140.59 and a 200 day moving average of $130.93. 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 firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 60.50, a PEG ratio of 3.28 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 posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. As a group, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 3.1%. 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.