Public Employees Retirement System of Ohio Has $22.89 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Public Employees Retirement System of Ohio lowered its stake in Valero Energy Co. (NYSE:VLO) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,537 shares of the oil and gas company’s stock after selling 2,935 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Valero Energy worth $22,893,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VLO. Wellington Management Group LLP boosted its position in Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after buying an additional 2,793,607 shares in the last quarter. International Assets Investment Management LLC boosted its position in Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after buying an additional 1,066,923 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after buying an additional 568,000 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Valero Energy during the third quarter worth $70,352,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.6 %

VLO opened at $132.34 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $136.97 and a two-hundred day moving average price of $144.03. The company has a market cap of $41.90 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $7.49 earnings per share. Analysts predict that Valero Energy Co. will post 8.89 EPS for the current fiscal 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. This represents a $4.28 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

Analyst Ratings Changes

A number of brokerages have recently commented on VLO. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Scotiabank cut their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company dropped their target price on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.50.

Valero Energy Company 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.