Valero Energy Co. (VLO) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Valero Energy Co. (NYSE:VLO) by 10.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 692,488 shares of the oil and gas company’s stock after purchasing an additional 63,380 shares during the quarter. Teacher Retirement System of Texas’ holdings in Valero Energy were worth $63,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putnam FL Investment Management Co. acquired a new stake in shares of Valero Energy during the third quarter worth about $1,910,000. Prudential Financial Inc. lifted its position in shares of Valero Energy by 14.5% during the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Valero Energy by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after purchasing an additional 7,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Valero Energy by 45.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,747 shares of the oil and gas company’s stock worth $19,367,000 after purchasing an additional 78,904 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Valero Energy by 33.1% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 339,163 shares of the oil and gas company’s stock worth $26,092,000 after purchasing an additional 84,254 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on VLO. Cowen reissued a “buy” rating and set a $100.00 price target on shares of Valero Energy in a research report on Thursday, February 1st. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup increased their price target on shares of Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price target on shares of Valero Energy in a research report on Tuesday, January 30th. Finally, Zacks Investment Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $89.06.

In other Valero Energy news, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares in the company, valued at $5,120,237.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 299,687 shares of company stock worth $27,733,958. 0.45% of the stock is owned by corporate insiders.

Shares of Valero Energy Co. (NYSE:VLO) opened at $90.00 on Thursday. The firm has a market cap of $39,680.00, a P/E ratio of 19.49, a P/E/G ratio of 1.13 and a beta of 0.99. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $99.95. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. equities analysts forecast that Valero Energy Co. will post 7.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a $0.80 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.20 annualized dividend and a yield of 3.56%. Valero Energy’s dividend payout ratio (DPR) is 60.74%.

Valero Energy declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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Valero Energy Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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

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