TIAA Trust National Association Decreases Stake in Valero Energy Corporation $VLO

TIAA Trust National Association decreased its position in Valero Energy Corporation (NYSE:VLO) by 32.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,989 shares of the oil and gas company’s stock after selling 1,901 shares during the period. TIAA Trust National Association’s holdings in Valero Energy were worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. boosted its stake in Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 69 shares during the last quarter. Park Place Capital Corp boosted its stake in Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after acquiring an additional 78 shares during the last quarter. Summit Financial LLC boosted its stake in Valero Energy by 4.6% in the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC boosted its stake in Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE VLO opened at $168.89 on Wednesday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The stock has a market capitalization of $52.47 billion, a PE ratio of 35.26, a P/E/G ratio of 1.77 and a beta of 1.05. The company’s 50 day simple moving average is $162.99 and its two-hundred day simple moving average is $144.25.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. 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 given a dividend of $1.13 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

VLO has been the topic of a number of research analyst reports. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Jefferies Financial Group raised their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Three 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.27.

Valero Energy 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.