Munich Reinsurance Co Stock Corp in Munich Sells 2,858 Shares of Valero Energy Corporation $VLO

Munich Reinsurance Co Stock Corp in Munich cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 85.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473 shares of the oil and gas company’s stock after selling 2,858 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Valero Energy were worth $123,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Valero Energy during the 4th quarter worth $1,111,542,000. Bank of America Corp DE bought a new position in Valero Energy in the second quarter valued at about $1,195,943,000. Arrowstreet Capital Limited Partnership bought a new position in Valero Energy in the 3rd quarter valued at approximately $275,239,000. Pacer Advisors Inc. raised its stake in shares of Valero Energy by 2,635.7% during the fourth quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock valued at $154,736,000 after acquiring an additional 915,782 shares during the last quarter. Finally, Amundi lifted its holdings in Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after buying an additional 806,018 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Insider Transactions at Valero Energy

In other news, SVP Eric Fisher sold 7,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Valero Energy Stock Performance

Shares of VLO opened at $370.94 on Friday. The firm has a market capitalization of $106.80 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.42 and a beta of 0.57. Valero Energy Corporation has a 52 week low of $153.20 and a 52 week high of $375.11. The stock has a 50 day moving average price of $315.25 and a two-hundred day moving average price of $264.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. The company had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. Equities analysts forecast that Valero Energy Corporation will post 41.15 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, July 31st were paid a dividend of $1.20 per share. The ex-dividend date was Friday, July 31st. This represents a $4.80 annualized dividend and a yield of 1.3%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VLO. Barclays boosted their target price on shares of Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Piper Sandler boosted their target price on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James Financial upped their price target on Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 13th. Erste Group Bank lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, UBS Group boosted their price objective on Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.18.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.