Mirae Asset Global Investments Co. Ltd. Has $33.24 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Mirae Asset Global Investments Co. Ltd. raised its position in Valero Energy Co. (NYSE:VLO) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,989 shares of the oil and gas company’s stock after buying an additional 37,891 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Valero Energy were worth $33,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. Quad Cities Investment Group LLC grew its holdings in shares of Valero Energy by 1.6% during the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after purchasing an additional 75 shares in the last quarter. Providence Wealth Advisors LLC grew its holdings in shares of Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after purchasing an additional 75 shares in the last quarter. New Century Financial Group LLC grew its holdings in shares of Valero Energy by 5.0% during the 3rd quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 81 shares in the last quarter. Segment Wealth Management LLC lifted its position in shares of Valero Energy by 1.7% during the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after buying an additional 81 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its position in shares of Valero Energy by 4.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock worth $248,000 after buying an additional 82 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Up 5.0 %

NYSE VLO opened at $142.95 on Wednesday. The business has a 50 day simple moving average of $130.76 and a 200 day simple moving average of $137.35. Valero Energy Co. has a one year low of $116.84 and a one year high of $184.79. The stock has a market capitalization of $45.26 billion, a P/E ratio of 16.86, a P/E/G ratio of 2.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Research analysts expect that Valero Energy Co. will post 8.29 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

Analyst Ratings Changes

Several brokerages recently weighed in on VLO. Mizuho dropped their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Barclays dropped their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen dropped their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $154.46.

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.