Retirement Systems of Alabama Has $9.03 Million Position in Valero Energy Corporation $VLO

Retirement Systems of Alabama cut its stake in Valero Energy Corporation (NYSE:VLO) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,207 shares of the oil and gas company’s stock after selling 824 shares during the period. Retirement Systems of Alabama’s holdings in Valero Energy were worth $9,034,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH boosted its holdings in shares of Valero Energy by 11.0% during the 1st quarter. Keybank National Association OH now owns 12,498 shares of the oil and gas company’s stock worth $1,651,000 after buying an additional 1,238 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Valero Energy by 9.6% in the 1st quarter. Private Trust Co. NA now owns 3,536 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 311 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Valero Energy by 15.2% in the 1st quarter. Mutual Advisors LLC now owns 7,795 shares of the oil and gas company’s stock worth $1,029,000 after purchasing an additional 1,029 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Valero Energy by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 373,052 shares of the oil and gas company’s stock valued at $49,269,000 after acquiring an additional 12,498 shares in the last quarter. Finally, Calamos Advisors LLC lifted its stake in Valero Energy by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 69,603 shares of the oil and gas company’s stock valued at $9,192,000 after acquiring an additional 775 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VLO shares. Wells Fargo & Company started coverage on Valero Energy in a research note on Friday, October 17th. They set an “overweight” rating and a $216.00 target price on the stock. Mizuho lifted their target price on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Piper Sandler lifted their target price on shares of Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Finally, UBS Group reaffirmed a “buy” rating and set a $183.00 target price on shares of Valero Energy in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.27.

Valero Energy Price Performance

VLO opened at $169.66 on Monday. The stock has a fifty day simple moving average of $162.06 and a two-hundred day simple moving average of $143.40. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The company has a market cap of $52.71 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.7%. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

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.