Teachers Retirement System of The State of Kentucky Has $2.93 Million Stake in Valero Energy Co. (NYSE:VLO)

Teachers Retirement System of The State of Kentucky decreased its stake in Valero Energy Co. (NYSE:VLOGet Rating) by 4.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 28,895 shares of the oil and gas company’s stock after selling 1,257 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Valero Energy were worth $2,934,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VLO. Exane Derivatives acquired a new position in Valero Energy in the first quarter valued at about $25,000. DB Wealth Management Group LLC acquired a new stake in shares of Valero Energy during the first quarter worth about $27,000. Bromfield Sneider Wealth Advisors acquired a new stake in shares of Valero Energy during the first quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of Valero Energy during the first quarter worth about $29,000. Finally, Quent Capital LLC raised its position in shares of Valero Energy by 164.9% during the first quarter. Quent Capital LLC now owns 355 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 79.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Redburn Partners lowered Valero Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Morgan Stanley lifted their target price on Valero Energy from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, July 15th. Wells Fargo & Company lifted their target price on Valero Energy from $136.00 to $166.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Credit Suisse Group lifted their target price on Valero Energy to $145.00 in a research report on Thursday, June 9th. Finally, BMO Capital Markets initiated coverage on Valero Energy in a research note on Monday, June 13th. They issued a “market perform” rating and a $155.00 price target for the company. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $132.08.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $104.67 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. Valero Energy Co. has a 12 month low of $61.86 and a 12 month high of $146.80. The stock has a 50 day moving average of $111.64 and a 200-day moving average of $111.33. The company has a market capitalization of $41.24 billion, a P/E ratio of 6.03, a P/E/G ratio of 0.63 and a beta of 1.68.

Valero Energy (NYSE:VLOGet Rating) last issued its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 EPS for the quarter, topping the consensus estimate of $6.33 by $5.03. Valero Energy had a return on equity of 34.65% and a net margin of 4.54%. The company had revenue of $51.64 billion during the quarter, compared to the consensus estimate of $40.73 billion. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 86.1% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Co. will post 27.5 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 4th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $3.92 annualized dividend and a yield of 3.75%. Valero Energy’s payout ratio is currently 22.57%.

Valero Energy Profile

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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

See Also

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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