MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.91 Million Stock Position in Valero Energy Co. (NYSE:VLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 56.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,050 shares of the oil and gas company’s stock after selling 28,164 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Valero Energy were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Sound Income Strategies LLC grew its holdings in Valero Energy by 3.1% during the 1st quarter. Sound Income Strategies LLC now owns 97,874 shares of the oil and gas company’s stock worth $12,926,000 after acquiring an additional 2,982 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of Valero Energy by 5.1% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 110,402 shares of the oil and gas company’s stock valued at $14,581,000 after acquiring an additional 5,393 shares during the period. Ritholtz Wealth Management raised its position in shares of Valero Energy by 2.8% in the 1st quarter. Ritholtz Wealth Management now owns 11,331 shares of the oil and gas company’s stock valued at $1,497,000 after acquiring an additional 308 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in Valero Energy during the 1st quarter worth approximately $462,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Valero Energy during the 1st quarter worth approximately $255,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VLO shares. UBS Group decreased their price target on shares of Valero Energy from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. TD Cowen dropped their target price on Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a report on Friday, April 25th. Barclays boosted their price target on Valero Energy from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Raymond James reduced their price target on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Finally, Mizuho upped their target price on Valero Energy from $158.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $151.93.

Valero Energy Stock Up 0.4%

Shares of NYSE:VLO opened at $134.04 on Friday. The company has a market capitalization of $41.98 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. 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 business has a fifty day moving average price of $122.26 and a two-hundred day moving average price of $127.48. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $167.78.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.82 EPS. Analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.37%. Valero Energy’s dividend payout ratio (DPR) is 159.72%.

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.