Deutsche Bank AG Has $177.81 Million Position in Valero Energy Co. (NYSE:VLO)

Deutsche Bank AG lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 23.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,450,479 shares of the oil and gas company’s stock after acquiring an additional 277,092 shares during the quarter. Deutsche Bank AG’s holdings in Valero Energy were worth $177,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. World Investment Advisors lifted its position in shares of Valero Energy by 1.8% in the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock worth $530,000 after purchasing an additional 78 shares during the period. Segment Wealth Management LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 81 shares during the last quarter. Silver Coast Investments LLC boosted its position in Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in Valero Energy by 2.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock worth $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Valero Energy by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 94 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lowered their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their price target on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating for the company in a report on Friday. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, TD Cowen cut their target price on Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.53.

Valero Energy Stock Performance

Shares of VLO opened at $122.97 on Friday. Valero Energy Co. has a 12 month low of $99.00 and a 12 month high of $167.78. The business’s fifty day simple moving average is $120.15 and its two-hundred day simple moving average is $128.47. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $38.51 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.93 and a beta of 0.98.

Valero Energy (NYSE:VLO) last released 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 net margin of 2.13% and a return on equity of 9.58%. Valero Energy’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.82 earnings per share. Research analysts anticipate that Valero Energy Co. 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 will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be given a dividend of $1.13 per share. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.68%. Valero Energy’s dividend payout ratio (DPR) is presently 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.