Valero Energy Corporation $VLO Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in Valero Energy Corporation (NYSE:VLO – Free Report) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,381 shares of the oil and gas company’s stock after selling 1,998 shares during the period. Retirement Systems of Alabama’s holdings in Valero Energy were worth $23,404,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Cornerstone Financial Management LLC lifted its stake in Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 38 shares during the period. Balance Wealth Partners LLC bought a new stake in shares of Valero Energy in the third quarter worth approximately $32,000. Global Assets Advisory LLC purchased a new position in shares of Valero Energy during the first quarter valued at approximately $33,000. Latitude Advisors LLC purchased a new position in shares of Valero Energy during the third quarter valued at approximately $34,000. Finally, Mascoma Wealth Management LLC lifted its position in Valero Energy by 1,980.0% during the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the topic of several research reports. BMO Capital Markets raised their target price on shares of Valero Energy from $455.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, October 19th. TD Cowen boosted their target price on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Morgan Stanley increased their price target on Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Barclays raised their price target on Valero Energy from $441.00 to $443.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $406.32.

Read Our Latest Research Report on Valero Energy

Valero Energy News Roundup

Investors following VLO have been watching these news items:

Valero Energy Stock Performance

Shares of VLO opened at $364.23 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $399.54 and a two-hundred day simple moving average of $292.16. The stock has a market cap of $101.58 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.18 and a beta of 0.58. Valero Energy Corporation has a 52 week low of $159.90 and a 52 week high of $461.52.

Valero Energy (NYSE:VLO – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The firm had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. During the same period in the previous year, the firm earned $3.66 EPS. The business’s quarterly revenue was up 43.3% on a year-over-year basis. On average, analysts expect that Valero Energy Corporation will post 58.33 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Valero Energy’s dividend payout ratio (DPR) is presently 10.80%.

About Valero Energy

(Free Report)

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks. The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Further Reading

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

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