Valero Energy Co. (NYSE:VLO) Shares Purchased by Nan Shan Life Insurance Co. Ltd.


Share on StockTwits

Nan Shan Life Insurance Co. Ltd. lifted its position in Valero Energy Co. (NYSE:VLO) by 159.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 564,873 shares of the oil and gas company’s stock after acquiring an additional 346,873 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Valero Energy were worth $31,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sigma Planning Corp raised its position in Valero Energy by 3.5% during the fourth quarter. Sigma Planning Corp now owns 10,678 shares of the oil and gas company’s stock worth $604,000 after acquiring an additional 361 shares during the period. Pillar Pacific Capital Management LLC raised its position in Valero Energy by 9.0% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 87,122 shares of the oil and gas company’s stock worth $4,928,000 after acquiring an additional 7,219 shares during the period. Equitable Holdings Inc. acquired a new position in Valero Energy during the fourth quarter worth $354,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Valero Energy by 9.2% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 125,138 shares of the oil and gas company’s stock worth $7,079,000 after acquiring an additional 10,498 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of Valero Energy by 13.0% during the fourth quarter. Profund Advisors LLC now owns 17,306 shares of the oil and gas company’s stock worth $979,000 after buying an additional 1,991 shares in the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.

A number of equities research analysts have recently issued reports on VLO shares. Morgan Stanley raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $50.00 to $74.00 in a report on Friday, December 11th. UBS Group started coverage on shares of Valero Energy in a report on Tuesday, January 26th. They set a “neutral” rating and a $66.00 target price for the company. Piper Sandler dropped their target price on shares of Valero Energy from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, November 13th. Finally, Raymond James upped their target price on shares of Valero Energy from $55.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. Valero Energy presently has an average rating of “Buy” and a consensus target price of $64.50.

In other news, CEO Joseph W. Gorder sold 3,200 shares of the stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $56.45, for a total transaction of $180,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

VLO stock traded down $0.56 during mid-day trading on Tuesday, hitting $73.69. 136,149 shares of the company were exchanged, compared to its average volume of 3,863,391. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $30.05 billion, a P/E ratio of -2,474.18, a PEG ratio of 84.85 and a beta of 2.14. The business has a fifty day simple moving average of $61.01 and a 200-day simple moving average of $52.53. Valero Energy Co. has a 12-month low of $31.00 and a 12-month high of $80.10.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.48) by $0.42. The company had revenue of $16.60 billion for the quarter, compared to analysts’ expectations of $13.87 billion. The company’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. Research analysts predict that Valero Energy Co. will post -3.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Stockholders of record on Thursday, February 11th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, February 10th. This represents a $3.92 annualized dividend and a dividend yield of 5.32%. Valero Energy’s dividend payout ratio is presently 68.77%.

About Valero Energy

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.

Further Reading: Mutual funds are not immune from market timing

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.