Mirae Asset Global Investments Co. Ltd. Buys 81,114 Shares of Valero Energy Corporation $VLO

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Valero Energy Corporation (NYSE:VLO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 81,114 shares of the oil and gas company’s stock, valued at approximately $31,441,000.

Several other large investors have also made changes to their positions in VLO. Blue Zone Wealth Advisors LLC boosted its holdings in Valero Energy by 2.4% in the third quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock valued at $398,000 after acquiring an additional 24 shares during the last quarter. Grove Bank & Trust increased its position in Valero Energy by 1.0% in the third quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock worth $1,011,000 after purchasing an additional 25 shares during the period. Sigma Planning Corp raised its holdings in Valero Energy by 0.4% during the 3rd quarter. Sigma Planning Corp now owns 7,171 shares of the oil and gas company’s stock worth $2,779,000 after purchasing an additional 29 shares during the last quarter. Modera Wealth Management LLC raised its holdings in Valero Energy by 3.7% during the 3rd quarter. Modera Wealth Management LLC now owns 956 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 34 shares during the last quarter. Finally, Cornerstone Financial Management LLC lifted its position in Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VLO shares. Mizuho raised their target price on shares of Valero Energy from $300.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Freedom Broker downgraded shares of Valero Energy from a “hold” rating to a “sell” rating and set a $276.00 price target for the company. in a research note on Friday, October 23rd. UBS Group reissued a “buy” rating and set a $467.00 price target on shares of Valero Energy in a research note on Tuesday, October 6th. Erste Group Bank lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $380.47.

More Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Morgan Stanley raised its price target for VLO to $420 from $411 while maintaining an “equal weight” rating. The new target implies roughly 10% upside from the referenced share price, providing some support despite the neutral recommendation. Morgan Stanley raises Valero Energy price target
• Positive Sentiment: Valero agreed to acquire LyondellBasell’s former Houston refinery site for $320.5 million. The transaction could expand or improve Valero’s refining asset base and may offer longer-term operating and portfolio benefits, although near-term financial effects were not detailed. LyondellBasell to Sell Former Houston Refinery Site
• Positive Sentiment: Recent research continues to characterize VLO as a value-oriented stock. Zacks highlighted Valero among companies with favorable profitability and valuation characteristics, while noting its strong return on equity and relatively inexpensive earnings multiple. Why Valero Energy Is a Top Value Stock
• Neutral Sentiment: Unusually high options volume was reported for VLO. Elevated activity can signal increased investor positioning or expectations for volatility, but the report does not establish whether traders are bullish or bearish. Valero Energy Sees Unusually High Options Volume

Valero Energy Trading Down 4.7%

NYSE VLO opened at $380.86 on Tuesday. Valero Energy Corporation has a 12 month low of $159.90 and a 12 month high of $461.52. The stock has a 50-day simple moving average of $398.27 and a 200 day simple moving average of $286.06. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $109.66 billion, a PE ratio of 8.57, a P/E/G ratio of 0.20 and a beta of 0.59.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. The firm had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. The company’s revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.66 earnings per share. Research analysts forecast that Valero Energy Corporation will post 57.42 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio (DPR) is currently 10.80%.

About Valero Energy

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.