Tokio Marine Asset Management Co. Ltd. Increases Stock Position in Valero Energy Co. (NYSE:VLO)

Tokio Marine Asset Management Co. Ltd. increased its holdings in Valero Energy Co. (NYSE:VLO) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,585 shares of the oil and gas company’s stock after buying an additional 146 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Valero Energy were worth $1,294,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Valero Energy by 11,318.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after purchasing an additional 1,066,923 shares during the period. Acadian Asset Management LLC grew its position in Valero Energy by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after purchasing an additional 426,093 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after acquiring an additional 237,347 shares during the period. AQR Capital Management LLC raised its stake in shares of Valero Energy by 17.6% during the second quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock valued at $238,841,000 after purchasing an additional 232,494 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Valero Energy during the 1st quarter worth about $39,517,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of VLO stock opened at $140.16 on Friday. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $135.71 and a 200 day moving average of $146.70. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.56 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the company posted $7.49 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, research analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s dividend payout ratio is 38.39%.

Analyst Upgrades and Downgrades

VLO has been the topic of several research analyst reports. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Citigroup dropped their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Finally, TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

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.