Teachers Retirement System of The State of Kentucky Has $4.45 Million Stake in Valero Energy Co. (NYSE:VLO)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,353 shares of the oil and gas company’s stock after selling 764 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Valero Energy were worth $4,445,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Collective Family Office LLC lifted its position in shares of Valero Energy by 1.5% during the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after buying an additional 58 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after buying an additional 59 shares in the last quarter. International Private Wealth Advisors LLC lifted its position in shares of Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after buying an additional 65 shares in the last quarter. Aua Capital Management LLC lifted its position in shares of Valero Energy by 3.1% during the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. lifted its position in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VLO shares. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price for the company. Scotiabank boosted their price target on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company boosted their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.21.

Valero Energy Stock Down 1.4 %

Shares of VLO stock opened at $135.61 on Thursday. The company has a 50 day simple moving average of $143.27 and a two-hundred day simple moving average of $154.12. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a market cap of $44.34 billion, a P/E ratio of 6.72, a P/E/G ratio of 3.31 and a beta of 1.40. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $5.40 earnings per share. On average, research analysts expect that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a yield of 3.16%. Valero Energy’s payout ratio is 21.20%.

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.