Alaska Permanent Fund Corp Has $4.50 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Alaska Permanent Fund Corp reduced its position in Valero Energy Co. (NYSE:VLO) by 19.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,344 shares of the oil and gas company’s stock after selling 6,164 shares during the period. Alaska Permanent Fund Corp’s holdings in Valero Energy were worth $4,497,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in VLO. Morgan Stanley boosted its holdings in shares of Valero Energy by 6.1% during the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after buying an additional 517,068 shares during the period. Norges Bank acquired a new stake in Valero Energy in the fourth quarter valued at about $570,428,000. Northern Trust Corp grew its holdings in shares of Valero Energy by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock valued at $552,651,000 after purchasing an additional 121,057 shares during the last quarter. Putnam Investments LLC increased its position in Valero Energy by 3.7% during the 4th quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock worth $447,957,000 after purchasing an additional 122,207 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Valero Energy by 14.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the sale, the director now directly owns 13,314 shares in the company, valued at $2,105,209.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $152.46 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a one year low of $108.28 and a one year high of $184.79. The business has a 50-day simple moving average of $159.11 and a 200 day simple moving average of $148.87. The firm has a market capitalization of $49.85 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.44 and a beta of 1.47.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. During the same quarter in the previous year, the business earned $8.27 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. On average, research analysts anticipate that Valero Energy Co. will post 17.32 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a yield of 2.81%. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

Analyst Ratings Changes

VLO has been the topic of a number of research reports. TD Cowen decreased their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company dropped their price objective on shares of Valero Energy from $184.00 to $179.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. StockNews.com raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Saturday, June 15th. Mizuho decreased their target price on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Scotiabank boosted their price target on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $172.00.

Valero Energy 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.