Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $8.25 Million Holdings in Valero Energy Co. (NYSE:VLO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Valero Energy Co. (NYSE:VLO) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 67,315 shares of the oil and gas company’s stock after selling 2,429 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Valero Energy were worth $8,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at $25,000. Tobam bought a new position in Valero Energy in the 4th quarter worth $30,000. True Wealth Design LLC raised its holdings in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 183 shares during the period. OFI Invest Asset Management bought a new position in Valero Energy in the 4th quarter worth $37,000. Finally, Golden State Wealth Management LLC bought a new position in Valero Energy in the 4th quarter worth $38,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VLO. 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. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Piper Sandler dropped their price objective 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. Finally, Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.08.

Valero Energy Stock Down 2.5 %

Shares of VLO stock opened at $131.42 on Friday. The firm has a fifty day moving average of $133.96 and a 200-day moving average of $133.48. 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 12-month low of $116.84 and a 12-month high of $184.79. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.93 and a beta of 1.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

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

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.