Commerzbank Aktiengesellschaft FI Increases Stock Position in Valero Energy Corporation $VLO

Commerzbank Aktiengesellschaft FI boosted its stake in Valero Energy Corporation (NYSE:VLO) by 49.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,450 shares of the oil and gas company’s stock after acquiring an additional 3,458 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Valero Energy were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD raised its holdings 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 buying an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Valero Energy in the first quarter valued at about $529,864,000. Invesco Ltd. raised its holdings in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after buying an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 736,533 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Down 2.4%

Shares of VLO opened at $158.19 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $153.45 and its two-hundred day moving average is $137.92. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The firm has a market capitalization of $49.14 billion, a P/E ratio of 65.91, a PEG ratio of 1.73 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is presently 188.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VLO shares. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and increased their price target for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Evercore ISI increased their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Jefferies Financial Group increased their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho increased their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $169.80.

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.