Valero Energy Co. (NYSE:VLO) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Valero Energy Co. (NYSE:VLO) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,323 shares of the oil and gas company’s stock after acquiring an additional 44,826 shares during the period. Teacher Retirement System of Texas owned 0.06% of Valero Energy worth $24,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Providence Wealth Advisors LLC raised its holdings in Valero Energy by 0.9% in the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after acquiring an additional 75 shares in the last quarter. Segment Wealth Management LLC raised its holdings in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 81 shares in the last quarter. Silver Coast Investments LLC raised its holdings in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 83 shares in the last quarter. Patrick M Sweeney & Associates Inc. raised its holdings in shares of Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock worth $575,000 after purchasing an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 94 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Piper Sandler dropped their target price on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.08.

Valero Energy Stock Down 2.5 %

VLO stock opened at $131.42 on Friday. The firm’s 50-day simple moving average is $133.96 and its 200 day simple moving average is $133.48. The stock has a market cap of $41.39 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, sell-side analysts predict that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Thursday, January 30th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 53.30%.

Valero Energy Company 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.