California State Teachers Retirement System Raises Holdings in Valero Energy Corporation $VLO

Key Points

• California State Teachers Retirement System increased its Valero Energy stake by 40,516.1% in the second quarter, holding 143.8 million shares valued at approximately $37.5 billion. Institutional investors collectively own 78.69% of VLO.
• Analyst sentiment is broadly positive, with Valero receiving a consensus “Moderate Buy” rating and an average price target of $296.18, despite some analysts maintaining neutral ratings.
• Valero reported quarterly EPS of $12.54, surpassing estimates by $2.43, while revenue rose 48.8% year over year to $44.48 billion. The company also maintains a quarterly dividend of $1.20, or $4.80 annually.

California State Teachers Retirement System raised its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 40,516.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,816,270 shares of the oil and gas company's stock after purchasing an additional 143,462,183 shares during the period. California State Teachers Retirement System owned about 49.95% of Valero Energy worth $37,455,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in VLO. V Square Quantitative Management LLC raised its holdings in Valero Energy by 0.6% in the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company's stock valued at $1,648,000 after acquiring an additional 42 shares in the last quarter. M.E. Allison & CO. Inc. lifted its stake in Valero Energy by 5.8% in the second quarter. M.E. Allison & CO. Inc. now owns 916 shares of the oil and gas company's stock worth $239,000 after acquiring an additional 50 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its holdings in Valero Energy by 5.0% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 1,054 shares of the oil and gas company's stock worth $275,000 after acquiring an additional 50 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in Valero Energy by 5.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company's stock worth $159,000 after acquiring an additional 51 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in shares of Valero Energy by 32.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VLO shares. Weiss Ratings raised shares of Valero Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Mizuho increased their target price on Valero Energy from $289.00 to $300.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Morgan Stanley increased their target price on Valero Energy from $232.00 to $255.00 and gave the company an "equal weight" rating in a report on Friday, June 12th. Jefferies Financial Group set a $350.00 price target on Valero Energy in a research note on Monday, August 3rd. Finally, Zacks Research raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and an average target price of $296.18.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric Fisher sold 7,500 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction 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 trade represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Valero Energy Stock Up 0.1%

VLO stock opened at $370.94 on Monday. The stock has a market cap of $106.80 billion, a P/E ratio of 15.39, a PEG 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 Corporation has a twelve month low of $153.20 and a twelve month high of $375.11. The company's 50 day moving average is $315.25 and its two-hundred day moving average is $265.31.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.11 by $2.43. The business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 EPS. Research analysts expect that Valero Energy Corporation will post 41.15 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

Valero Energy Company 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.

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