Retirement Systems of Alabama Sells 1,760 Shares of Valero Energy Co. (NYSE:VLO)

Retirement Systems of Alabama lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,371 shares of the oil and gas company’s stock after selling 1,760 shares during the quarter. Retirement Systems of Alabama’s holdings in Valero Energy were worth $9,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VLO. Allspring Global Investments Holdings LLC lifted its holdings in shares of Valero Energy by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after purchasing an additional 22,571 shares during the last quarter. Captrust Financial Advisors raised its stake in Valero Energy by 7.5% in the third quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after buying an additional 6,278 shares during the last quarter. HITE Hedge Asset Management LLC raised its stake in Valero Energy by 136.1% in the third quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company’s stock valued at $10,143,000 after buying an additional 43,299 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Valero Energy by 2.8% during 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 acquiring an additional 192,397 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Valero Energy by 130.9% during the second quarter. Blue Trust Inc. now owns 1,136 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Mizuho lowered their target price on shares of Valero Energy from $171.00 to $165.00 and set an “outperform” rating for the company in a research note on Monday. Barclays lowered their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and cut their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Scotiabank lowered their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. dropped their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. One research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

Valero Energy Stock Down 3.2 %

VLO stock opened at $125.07 on Tuesday. The firm’s fifty day moving average is $135.89 and its 200 day moving average is $143.00. The firm has a market cap of $39.60 billion, a PE ratio of 11.22, a P/E/G ratio of 2.43 and a beta of 1.39. Valero Energy Co. has a one year low of $124.02 and a one year 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.

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

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.42%. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

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.