Retirement Systems of Alabama Buys 3,028 Shares of Valero Energy Corp. (VLO)
Retirement Systems of Alabama increased its position in Valero Energy Corp. (NYSE:VLO) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,510 shares of the company’s stock after buying an additional 3,028 shares during the period. Retirement Systems of Alabama owned 0.05% of Valero Energy Corp. worth $12,215,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of VLO. Ngam Advisors L.P. increased its stake in shares of Valero Energy Corp. by 33.6% in the first quarter. Ngam Advisors L.P. now owns 68,899 shares of the company’s stock worth $4,419,000 after buying an additional 17,336 shares during the period. Teachers Advisors Inc. increased its stake in shares of Valero Energy Corp. by 4.1% in the first quarter. Teachers Advisors Inc. now owns 755,587 shares of the company’s stock worth $48,463,000 after buying an additional 29,833 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Valero Energy Corp. by 9.1% in the first quarter. Rehmann Capital Advisory Group now owns 6,883 shares of the company’s stock worth $441,000 after buying an additional 573 shares during the period. Franklin Resources Inc. increased its stake in shares of Valero Energy Corp. by 31.8% in the first quarter. Franklin Resources Inc. now owns 159,138 shares of the company’s stock worth $10,207,000 after buying an additional 38,375 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Valero Energy Corp. by 6.0% in the first quarter. BlackRock Group LTD now owns 5,609,765 shares of the company’s stock worth $359,810,000 after buying an additional 315,847 shares during the period. 78.49% of the stock is owned by institutional investors and hedge funds.
Valero Energy Corp. (NYSE:VLO) traded up 1.42% on Tuesday, reaching $53.65. The company’s stock had a trading volume of 5,804,032 shares. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 8.62 and a beta of 1.87. The firm’s 50 day moving average price is $55.07 and its 200-day moving average price is $55.52. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.88.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same period last year, the firm earned $2.66 EPS. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, equities analysts predict that Valero Energy Corp. will post $3.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, August 9th. Valero Energy Corp.’s dividend payout ratio (DPR) is presently 38.77%.
VLO has been the subject of a number of recent research reports. Zacks Investment Research raised Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 8th. JPMorgan Chase & Co. raised their target price on Valero Energy Corp. from $57.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, June 10th. Wolfe Research downgraded Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Goldman Sachs Group Inc. reissued a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Valero Energy Corp. in a research report on Saturday, July 9th. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.76.
Valero Energy Corp. Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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