Shares of Valero Energy Co. (NYSE:VLO) sold by Arizona State Retirement System

Arizona State Retirement System reduced its position in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,511 shares of the oil and gas company’s stock after selling 2,188 shares during the quarter. Arizona State Retirement System’s holdings in Valero Energy were worth $14,972,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new position in Valero Energy in the second quarter valued at about $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy in the second quarter valued at about $29,000. Pathway Financial Advisers LLC bought a new stake in shares of Valero Energy in the 1st quarter valued at approximately $33,000. Rise Advisors LLC purchased a new stake in Valero Energy in the first quarter valued at about $33,000. Finally, Summit Securities Group LLC bought a new stake in Valero Energy in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.69% of the company’s shares.

The Wall Street analyst weighs in

VLO has been the subject of several research reports. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Piper Sandler reduced their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, Wells Fargo & Company boosted their target price on shares of Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $174.50, according to MarketBeat.com.

Get the latest analysis on Valero Energy

Valero Energy stock fell 1.0%

Shares of Valero Energy stock opened at $134.20 on Friday. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04, and a current ratio of 1.48. The firm has a market cap of $42.99 billion, a PE ratio of 6.65, a P/E/G ratio of 2.72 and a beta of 1.40. The company’s 50-day moving average price is $148.79, and its two-hundred-day moving average price is $155.47.

Valero Energy (NYSE:VLO – Get Your Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s revenue for the quarter was down 0.1% compared to the same quarter last year. In the same period last year, the company posted earnings of $5.40 per share. On average, research analysts predict that Valero Energy Co. will post 12.86 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1. This represents an annualized dividend of $4.28 and a dividend yield of 3.19%. Valero Energy’s dividend payout ratio is 21.20%.

Valero energy profile

(Free report)

Valero Energy Corporation manufactures, markets and sells petroleum-based and low-carbon liquid transportation fuels and petrochemicals 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.

See Also

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