Valero Energy Corporation $VLO Stock Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 9.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,723 shares of the oil and gas company’s stock after selling 15,243 shares during the period. Public Employees Retirement System of Ohio’s holdings in Valero Energy were worth $36,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its holdings in Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after purchasing an additional 163,975 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Valero Energy by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after buying an additional 63,919 shares during the period. Norges Bank bought a new stake in shares of Valero Energy during the 4th quarter worth about $1,111,542,000. Franklin Resources Inc. raised its position in shares of Valero Energy by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after buying an additional 394,693 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Valero Energy by 0.5% in the 4th quarter. Northern Trust Corp now owns 3,285,161 shares of the oil and gas company’s stock worth $534,791,000 after acquiring an additional 17,336 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

NYSE:VLO opened at $302.48 on Friday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $320.24. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $265.22 and a 200-day moving average of $234.39. The firm has a market cap of $89.81 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 0.21 and a beta of 0.55.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Valero Energy Corporation will post 35.11 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be given a $1.20 dividend. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a yield of 1.6%. Valero Energy’s payout ratio is 34.88%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James Financial increased their price objective on shares of Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a report on Monday, July 13th. Zacks Research cut Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler restated an “overweight” rating and issued a $329.00 target price on shares of Valero Energy in a research report on Thursday. Mizuho increased their price target on Valero Energy from $222.00 to $289.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, TD Cowen lifted their price target on Valero Energy from $292.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.71.

More Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
• Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
• Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
• Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
• Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

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.