Valero Energy Corporation $VLO Shares Acquired by National Pension Service

National Pension Service grew its holdings in Valero Energy Corporation (NYSE:VLO) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 549,675 shares of the oil and gas company’s stock after purchasing an additional 5,609 shares during the quarter. National Pension Service’s holdings in Valero Energy were worth $143,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in Valero Energy by 40,516.1% during the 2nd quarter. California State Teachers Retirement System now owns 143,816,270 shares of the oil and gas company’s stock worth $37,455,509,000 after buying an additional 143,462,183 shares in the last quarter. State Street Corp grew its stake in shares of Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after acquiring an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock worth $1,945,500,000 after acquiring an additional 63,919 shares in the last quarter. Norges Bank purchased a new stake in shares of Valero Energy during the fourth quarter worth $1,111,542,000. Finally, Franklin Resources Inc. raised its stake in shares of Valero Energy by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after acquiring an additional 394,693 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Wells Fargo & Company boosted their price objective on Valero Energy from $356.00 to $389.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. TD Cowen upped their target price on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. UBS Group raised their target price on shares of Valero Energy from $355.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.76.

Insider Transactions at Valero Energy

In related news, SVP Eric Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $385.92 on Friday. The company has a market capitalization of $111.12 billion, a P/E ratio of 16.01, a PEG ratio of 0.44 and a beta of 0.57. Valero Energy Corporation has a twelve month low of $155.29 and a twelve month high of $393.54. The business has a 50 day simple moving average of $324.54 and a 200-day simple moving average of $270.47. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. The company had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. Valero Energy’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. As a group, equities analysts anticipate that Valero Energy Corporation will post 41.15 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, July 31st were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

About Valero Energy

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. Its primary business is refining crude oil into transportation fuels and other products, including gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks.

Valero operates refineries and related facilities in the United States, Canada and the United Kingdom, and markets its products through wholesale and commercial channels in North America and other international markets.