New York State Common Retirement Fund lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 718,799 shares of the oil and gas company’s stock after selling 33,900 shares during the period. New York State Common Retirement Fund owned about 0.18% of Valero Energy worth $40,662,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Hudock Inc. lifted its holdings in shares of Valero Energy by 20.5% in the 4th quarter. Hudock Inc. now owns 1,145 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Valero Energy by 20.0% in the 4th quarter. Trust Co. of Vermont now owns 1,194 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 199 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Valero Energy by 2.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 7,385 shares of the oil and gas company’s stock worth $418,000 after purchasing an additional 200 shares during the last quarter. Cambria Investment Management L.P. lifted its holdings in shares of Valero Energy by 2.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 8,269 shares of the oil and gas company’s stock worth $358,000 after purchasing an additional 212 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of Valero Energy by 49.1% in the 4th quarter. CX Institutional now owns 644 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 212 shares during the last quarter. 74.57% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on VLO. Morgan Stanley raised Valero Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $50.00 to $74.00 in a report on Friday, December 11th. Piper Sandler lowered their target price on Valero Energy from $78.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, November 13th. Raymond James raised their target price on Valero Energy from $55.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, November 20th. Finally, UBS Group initiated coverage on Valero Energy in a research report on Tuesday, January 26th. They issued a “neutral” rating and a $66.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.50.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.48) by $0.42. The firm had revenue of $16.60 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter last year, the business posted $2.13 earnings per share. The firm’s revenue for the quarter was down 40.4% compared to the same quarter last year. Equities research analysts predict that Valero Energy Co. will post -3.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Stockholders of record on Thursday, February 11th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Wednesday, February 10th. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.
In other news, CEO Joseph W. Gorder sold 3,200 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $56.45, for a total transaction of $180,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by company insiders.
Valero Energy Profile
Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.
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