Public Sector Pension Investment Board Trims Position in Valero Energy Co. (NYSE:VLO)

Public Sector Pension Investment Board cut its position in Valero Energy Co. (NYSE:VLO) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,047 shares of the oil and gas company’s stock after selling 900 shares during the period. Public Sector Pension Investment Board’s holdings in Valero Energy were worth $7,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. International Private Wealth Advisors LLC lifted its holdings in 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 valued at $309,000 after buying an additional 65 shares in the last quarter. OmniStar Financial Group Inc. raised its holdings in shares of Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 70 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC raised its holdings in shares of Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after purchasing an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC raised its holdings in shares of Valero Energy by 4.3% in the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 73 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.3 %

NYSE:VLO opened at $139.02 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company’s 50 day moving average is $136.92 and its two-hundred day moving average is $145.35. The company has a market cap of $44.01 billion, a PE ratio of 12.47, a P/E/G ratio of 2.59 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the previous year, the business posted $7.49 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. Analysts anticipate that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.08%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Analysts Set New Price Targets

VLO has been the subject of several recent research reports. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. BMO Capital Markets cut their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Scotiabank cut their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Bank of America began coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $155.86.

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.