Mitsubishi UFJ Trust & Banking Corp Has $41.20 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Valero Energy Co. (NYSE:VLO) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,073 shares of the oil and gas company’s stock after selling 12,272 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Valero Energy were worth $41,199,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Potentia Wealth bought a new stake in Valero Energy in the 4th quarter valued at $361,000. Modern Wealth Management LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at about $180,000. Prudential Financial Inc. grew its position in Valero Energy by 159.3% during the fourth quarter. Prudential Financial Inc. now owns 850,161 shares of the oil and gas company’s stock worth $104,221,000 after buying an additional 522,233 shares in the last quarter. Vanguard Group Inc. increased its stake in Valero Energy by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock valued at $4,257,024,000 after acquiring an additional 4,805,133 shares during the period. Finally, Oppenheimer & Close LLC acquired a new position in Valero Energy in the 4th quarter valued at approximately $422,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VLO shares. Mizuho lowered their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $152.67.

Valero Energy Price Performance

Valero Energy stock opened at $134.50 on Thursday. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The firm has a market cap of $42.36 billion, a P/E ratio of 15.86, a P/E/G ratio of 2.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business’s fifty day moving average is $133.81 and its two-hundred day moving average is $133.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a $1.13 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is 53.30%.

Valero Energy 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.