Teachers Retirement System of The State of Kentucky Trims Stock Position in Valero Energy Co. (NYSE:VLO)

Teachers Retirement System of The State of Kentucky decreased its holdings in Valero Energy Co. (NYSE:VLO) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,690 shares of the oil and gas company’s stock after selling 2,663 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Valero Energy were worth $3,469,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after purchasing an additional 50,837 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after purchasing an additional 192,397 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after buying an additional 237,347 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after buying an additional 567,059 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after acquiring an additional 2,793,607 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Down 0.4 %

Shares of NYSE VLO opened at $129.14 on Friday. Valero Energy Co. has a fifty-two week low of $124.02 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $40.88 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.39. The business’s 50 day moving average price is $136.27 and its 200-day moving average price is $143.27.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the company earned $7.49 earnings per share. On average, sell-side analysts expect that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.31%. Valero Energy’s dividend payout ratio is currently 38.39%.

Analyst Upgrades and Downgrades

VLO has been the subject of several research analyst reports. BMO Capital Markets cut their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Citigroup cut their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays decreased their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Wells Fargo & Company decreased their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.50.

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.