New York State Teachers Retirement System trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO – Free Report) 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 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.
Read Our Latest Stock Analysis on Valero Energy
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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