New York State Teachers Retirement System Decreases Stake in Valero Energy Co. (NYSE:VLO)

New York State Teachers Retirement System trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 315,784 shares of the oil and gas company’s stock after selling 13,555 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Valero Energy worth $42,640,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. EdgeRock Capital LLC purchased a new stake in Valero Energy during the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in Valero Energy in the second quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in Valero Energy in the second quarter valued at $31,000. Pathway Financial Advisers LLC bought a new position in Valero Energy during the 1st quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Up 0.6 %

Shares of NYSE:VLO opened at $128.69 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $137.31 and its 200 day moving average price is $148.99. The company has a market cap of $41.23 billion, a PE ratio of 11.54, a P/E/G ratio of 3.45 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.01% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the previous year, the company posted $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. Sell-side analysts anticipate that Valero Energy Co. will post 9.6 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.33%. Valero Energy’s payout ratio is 38.39%.

Analysts Set New Price Targets

Several equities analysts have recently commented on VLO shares. Citigroup reduced their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. TD Cowen reduced their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Mizuho decreased their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $156.29.

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.