Teachers Retirement System of The State of Kentucky Sells 2,663 Shares of Valero Energy Co. (NYSE:VLO)

Teachers Retirement System of The State of Kentucky decreased its holdings in Valero Energy Co. (NYSE:VLO) by 9.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,690 shares of the oil and gas company’s stock after selling 2,663 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Valero Energy were worth $3,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VLO. Allspring Global Investments Holdings LLC grew its stake in shares of Valero Energy by 1.8% during the third 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 buying an additional 22,571 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Valero Energy by 7.5% during the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after acquiring an additional 6,278 shares during the period. HITE Hedge Asset Management LLC grew its position in Valero Energy by 136.1% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company’s stock worth $10,143,000 after acquiring an additional 43,299 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Valero Energy by 130.9% during the 2nd quarter. Blue Trust Inc. now owns 1,136 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 644 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $129.14 on Friday. Valero Energy Co. has a 1 year low of $124.02 and a 1 year high of $184.79. The firm’s 50-day moving average is $136.27 and its 200 day moving average is $143.27. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the prior year, the firm posted $7.49 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. Sell-side analysts anticipate that Valero Energy Co. will post 8.86 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.31%. Valero Energy’s dividend payout ratio is presently 38.39%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen reduced their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup decreased their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, The Goldman Sachs Group dropped their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.50.

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.