American International Group Inc. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 182,807 shares of the oil and gas company’s stock after selling 17,048 shares during the quarter. American International Group Inc.’s holdings in Valero Energy were worth $15,508,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in shares of Valero Energy by 4,599.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 12,225,706 shares in the last quarter. Northern Trust Corp raised its stake in shares of Valero Energy by 3.3% during the fourth quarter. Northern Trust Corp now owns 6,386,167 shares of the oil and gas company’s stock valued at $478,771,000 after acquiring an additional 202,230 shares in the last quarter. Norges Bank bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $346,427,000. Morgan Stanley raised its stake in shares of Valero Energy by 14.2% during the third quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock valued at $403,246,000 after acquiring an additional 441,925 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Valero Energy by 10.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,907,240 shares of the oil and gas company’s stock valued at $217,955,000 after acquiring an additional 270,074 shares in the last quarter. Institutional investors and hedge funds own 78.48% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Raymond James lifted their price target on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley lifted their price target on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $102.00 to $105.00 in a research note on Tuesday. Finally, Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.82.

In other Valero Energy news, Director Stephen M. Waters acquired 500 shares of Valero Energy stock in a transaction that occurred on Wednesday, February 20th. The stock was bought at an average price of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

Shares of NYSE:VLO opened at $83.37 on Thursday. The company has a market capitalization of $34.00 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $126.98. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.38 billion. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. Valero Energy’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. On average, sell-side analysts predict that Valero Energy Co. will post 6.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Tuesday, May 14th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

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Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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

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