Canada Pension Plan Investment Board Has $55.76 Million Stock Position in Valero Energy Corporation $VLO

Key Points

• Canada Pension Plan Investment Board increased its stake in Valero Energy Corporation by 249.7%, acquiring an additional 301,484 shares and now owning approximately 0.13% of the company.
• Valero Energy's stock is currently rated as a "Moderate Buy" by analysts, with target prices ranging from $140.00 to $172.00 based on recent upgrades and downgrades.
• The company reported a Q2 EPS of $2.28, surpassing expectations, with a total revenue of $29.89 billion, though this marked a 13.3% year-over-year decline.

Canada Pension Plan Investment Board increased its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 249.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 422,233 shares of the oil and gas company's stock after acquiring an additional 301,484 shares during the period. Canada Pension Plan Investment Board owned about 0.13% of Valero Energy worth $55,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Valero Energy during the 1st quarter worth $26,000. Hazlett Burt & Watson Inc. grew its position in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Valero Energy during the 4th quarter worth $29,000. Hemington Wealth Management grew its position in Valero Energy by 39.9% during the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 95 shares during the last quarter. Finally, Iron Horse Wealth Management LLC bought a new stake in Valero Energy during the 1st quarter worth $44,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Trading Up 0.7%

Shares of NYSE:VLO traded up $1.09 during midday trading on Wednesday, reaching $155.37. The company's stock had a trading volume of 3,069,556 shares, compared to its average volume of 3,238,595. The firm has a market capitalization of $48.26 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 3.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a 50 day moving average price of $142.24 and a two-hundred day moving average price of $131.67. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $159.26.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm's revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.71 EPS. As a group, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company upped their price target on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Mizuho upped their price target on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and upped their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Finally, Barclays upped their price target on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $156.40.

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.