New Mexico Educational Retirement Board Acquires 100 Shares of Valero Energy Co. (NYSE:VLO)

New Mexico Educational Retirement Board raised its holdings in shares of Valero Energy Co. (NYSE:VLOFree Report) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,816 shares of the oil and gas company’s stock after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Valero Energy were worth $2,666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Blair William & Co. IL increased its stake in shares of Valero Energy by 1.9% during the first quarter. Blair William & Co. IL now owns 33,427 shares of the oil and gas company’s stock valued at $3,394,000 after purchasing an additional 632 shares in the last quarter. Sei Investments Co. increased its position in shares of Valero Energy by 21.7% during the first quarter. Sei Investments Co. now owns 100,006 shares of the oil and gas company’s stock valued at $10,163,000 after acquiring an additional 17,844 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Valero Energy by 12.5% during the first quarter. Canada Pension Plan Investment Board now owns 60,730 shares of the oil and gas company’s stock valued at $6,167,000 after acquiring an additional 6,735 shares in the last quarter. Prudential PLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $1,253,000. Finally, Moors & Cabot Inc. increased its position in shares of Valero Energy by 21.0% during the first quarter. Moors & Cabot Inc. now owns 6,780 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 1,179 shares in the last quarter. Institutional investors own 77.07% of the company’s stock.

Valero Energy Trading Down 2.3 %

Shares of Valero Energy stock opened at $126.31 on Thursday. The company’s fifty day simple moving average is $127.27 and its 200-day simple moving average is $129.08. The stock has a market capitalization of $43.00 billion, a PE ratio of 4.31, a P/E/G ratio of 1.46 and a beta of 1.55. Valero Energy Co. has a 1-year low of $104.18 and a 1-year high of $152.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.08.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, October 26th. The oil and gas company reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $7.36 by $0.13. Valero Energy had a net margin of 7.11% and a return on equity of 39.97%. The company had revenue of $38.40 billion for the quarter, compared to analysts’ expectations of $38.46 billion. During the same quarter in the previous year, the company earned $7.14 EPS. Valero Energy’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Valero Energy Co. will post 24.38 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, November 17th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, November 16th. Valero Energy’s dividend payout ratio (DPR) is 13.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Valero Energy from $174.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, October 6th. Tudor, Pickering, Holt & Co. downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $130.00 in a research report on Monday, October 30th. Raymond James reduced their price target on shares of Valero Energy from $156.00 to $154.00 and set a “strong-buy” rating for the company in a research report on Friday, October 27th. Wells Fargo & Company cut their target price on shares of Valero Energy from $144.00 to $141.00 in a research report on Monday, October 9th. Finally, Piper Sandler lifted their target price on shares of Valero Energy from $168.00 to $171.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $153.15.

Get Our Latest Report on VLO

Valero Energy Profile

(Free Report)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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