Munich Reinsurance Co Stock Corp in Munich Has $123,000 Stake in Valero Energy Corporation $VLO

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

Several other institutional investors and hedge funds also recently modified their holdings of the company. Woodline Partners LP raised its holdings in shares of Valero Energy by 40.7% in the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock valued at $3,532,000 after purchasing an additional 7,735 shares during the last quarter. Sivia Capital Partners LLC grew its position in Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Valero Energy in the second quarter valued at $528,000. Sei Investments Co. increased its stake in Valero Energy by 11.3% in the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after buying an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after buying an additional 1,338 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.1%

VLO opened at $370.94 on Friday. The stock’s fifty day simple moving average is $315.25 and its 200 day simple moving average is $264.85. Valero Energy Corporation has a 1-year low of $153.20 and a 1-year high of $375.11. The stock has a market cap of $106.80 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 earnings per share. As a group, research analysts expect that Valero Energy Corporation will post 41.15 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, July 31st were paid a $1.20 dividend. The ex-dividend date was Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Valero Energy’s dividend payout ratio is 19.92%.

Insider Buying and Selling

In other Valero Energy news, SVP Eric Fisher sold 7,500 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 19,742 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company increased their price target on Valero Energy from $356.00 to $389.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Citigroup raised their price target on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen upped their price objective on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $296.18.

Valero Energy Profile

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.