Ontario Teachers Pension Plan Board Has $3.06 Million Stock Holdings in Valero Energy Corporation (NYSE:VLO)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in Valero Energy Corporation by 47.0%, holding 23,187 shares valued at $3.06 million as of the latest SEC filing.
• Valero Energy reported earnings of $2.28 per share for the last quarter, surpassing expectations by $0.62, while quarterly revenue decreased by 13.3% year-over-year.
• Valero Energy will pay a quarterly dividend of $1.13 per share on September 2nd, representing an annualized yield of 3.4% and a payout ratio of 188.33%.

Ontario Teachers Pension Plan Board increased its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,187 shares of the oil and gas company's stock after acquiring an additional 7,410 shares during the period. Ontario Teachers Pension Plan Board's holdings in Valero Energy were worth $3,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the period. GAMMA Investing LLC raised its stake in shares of Valero Energy by 15,395.5% during the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock worth $179,047,000 after buying an additional 1,346,950 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Valero Energy in the fourth quarter valued at approximately $98,376,000. Charles Schwab Investment Management Inc. boosted its stake in Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock valued at $1,510,586,000 after acquiring an additional 736,533 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Valero Energy by 15.9% in the fourth quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company's stock valued at $472,077,000 after acquiring an additional 529,513 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

VLO stock opened at $133.54 on Thursday. 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 business has a 50-day simple moving average of $139.00 and a two-hundred day simple moving average of $131.08. The company has a market capitalization of $41.48 billion, a P/E ratio of 55.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.03. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $155.12.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. Valero Energy's quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. Research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 3.4%. Valero Energy's payout ratio is currently 188.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VLO. Barclays boosted their target price on Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Scotiabank lowered their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho increased their target price on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Wells Fargo & Company boosted their price target on shares of Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, UBS Group raised their price objective on Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $154.47.

About Valero Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.