New York State Teachers Retirement System Sells 21,053 Shares of Valero Energy Corporation $VLO

New York State Teachers Retirement System lowered its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 231,301 shares of the oil and gas company’s stock after selling 21,053 shares during the quarter. New York State Teachers Retirement System’s holdings in Valero Energy were worth $31,091,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Uptick Partners LLC purchased a new stake in Valero Energy during the second quarter valued at about $316,000. Rosenberg Matthew Hamilton boosted its holdings in Valero Energy by 3.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 4,730 shares of the oil and gas company’s stock valued at $636,000 after acquiring an additional 142 shares during the period. Mutual Advisors LLC grew its position in Valero Energy by 6.8% during the 2nd quarter. Mutual Advisors LLC now owns 8,327 shares of the oil and gas company’s stock worth $1,182,000 after acquiring an additional 532 shares during the last quarter. Private Wealth Asset Management LLC increased its stake in Valero Energy by 118.8% in the 2nd quarter. Private Wealth Asset Management LLC now owns 803 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 436 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its position in Valero Energy by 66.7% in the second quarter. Sagespring Wealth Partners LLC now owns 4,240 shares of the oil and gas company’s stock valued at $570,000 after purchasing an additional 1,696 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on VLO shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $181.00 target price (up from $177.00) on shares of Valero Energy in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and increased their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. UBS Group upped their price target on Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Finally, Jefferies Financial Group lifted their price objective on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $173.27.

Valero Energy Stock Performance

Shares of VLO opened at $157.62 on Friday. The company has a 50-day simple moving average of $155.99 and a two-hundred day simple moving average of $138.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a market capitalization of $48.96 billion, a PE ratio of 65.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The business’s revenue was down 13.3% compared to the same quarter last year. On average, analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

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.