California State Teachers Retirement System lessened its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 380,723 shares of the oil and gas company's stock after selling 186,474 shares during the period. California State Teachers Retirement System owned about 0.12% of Valero Energy worth $46,673,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of VLO. Exchange Traded Concepts LLC boosted its position in Valero Energy by 175.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,446 shares of the oil and gas company's stock valued at $1,526,000 after buying an additional 7,934 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Valero Energy by 4.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,312 shares of the oil and gas company's stock worth $283,000 after buying an additional 100 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Valero Energy by 4.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,351 shares of the oil and gas company's stock worth $779,000 after purchasing an additional 285 shares during the last quarter. Blue Trust Inc. increased its position in shares of Valero Energy by 53.2% during the 4th quarter. Blue Trust Inc. now owns 4,049 shares of the oil and gas company's stock valued at $547,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Valero Energy in the 4th quarter worth approximately $145,000. Institutional investors own 78.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley decreased their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Tudor Pickering upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Barclays boosted their price objective on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Raymond James dropped their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $151.93.
Check Out Our Latest Report on VLO
Valero Energy Price Performance
Shares of Valero Energy stock traded down $0.36 on Friday, hitting $128.80. The company's stock had a trading volume of 3,870,512 shares, compared to its average volume of 3,028,768. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $167.78. 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 firm has a fifty day moving average price of $120.80 and a 200-day moving average price of $128.13.
Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same period in the previous year, the company earned $3.82 earnings per share. The company's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, May 20th. Valero Energy's dividend payout ratio (DPR) is 159.72%.
Valero Energy Profile
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Free Report)
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.
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