Mediolanum International Funds Ltd Has $6.44 Million Position in Valero Energy Corporation $VLO

Mediolanum International Funds Ltd trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 55.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,782 shares of the oil and gas company’s stock after selling 58,816 shares during the period. Mediolanum International Funds Ltd’s holdings in Valero Energy were worth $6,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VLO. Hancock Whitney Corp increased its holdings in Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Valero Energy in the first quarter valued at $766,000. FORA Capital LLC bought a new position in shares of Valero Energy in the 1st quarter valued at about $866,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Valero Energy by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after purchasing an additional 56,274 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its holdings in shares of Valero Energy by 8.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock valued at $4,053,000 after purchasing an additional 2,372 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of a number of research analyst reports. Barclays lifted their price target on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. JPMorgan Chase & Co. raised their price objective on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. UBS Group reissued a “buy” rating and set a $183.00 target price on shares of Valero Energy in a report on Friday, October 24th. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Piper Sandler lifted their price objective on shares of Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Stock Performance

NYSE:VLO opened at $173.46 on Friday. The stock has a 50 day simple moving average of $168.69 and a 200 day simple moving average of $149.71. The stock has a market cap of $52.91 billion, a P/E ratio of 36.21, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $185.62. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. During the same period in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.6%. Valero Energy’s payout ratio is 94.36%.

Valero Energy 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.