New York State Teachers Retirement System Reduces Stock Holdings in Valero Energy Corporation $VLO

Key Points

• The New York State Teachers Retirement System has decreased its holdings in Valero Energy by 8.3% in the second quarter, resulting in ownership of 231,301 shares valued at approximately $31 million.
• Valero Energy reported $2.28 EPS for the last quarter, significantly surpassing analyst expectations of $1.66, while experiencing a 13.3% revenue decline year-over-year.
• Analysts have varied opinions on Valero Energy, with some raising price targets up to $216, reflecting a consensus rating of "Moderate Buy" with an average target price of $173.27.

New York State Teachers Retirement System reduced its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,301 shares of the oil and gas company's stock after selling 21,053 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Valero Energy worth $31,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock valued at $2,959,000 after acquiring an additional 3,503 shares during the period. Hancock Whitney Corp raised its position in shares of Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock valued at $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Valero Energy in the 1st quarter worth approximately $766,000. FORA Capital LLC purchased a new position in Valero Energy in the 1st quarter valued at approximately $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Valero Energy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company's stock valued at $74,025,000 after buying an additional 56,274 shares in the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 0.8%

VLO stock opened at $157.62 on Friday. The company's 50 day moving average is $155.99 and its 200 day moving average is $138.84. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.71 EPS. Sell-side analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group raised their price target on Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and lifted their target price for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. Jefferies Financial Group increased their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Barclays boosted their price objective on shares of Valero Energy from $151.00 to $169.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company began coverage on shares of Valero Energy in a research note on Friday. They issued an "overweight" rating and a $216.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.27.

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.

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