Louisiana State Employees Retirement System lessened its holdings in Valero Energy Co. (NYSE:VLO) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,000 shares of the oil and gas company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Valero Energy were worth $1,866,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. grew its position in Valero Energy by 265.9% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 122,614 shares of the oil and gas company’s stock worth $13,947,000 after buying an additional 89,107 shares during the period. Renaissance Technologies LLC acquired a new position in Valero Energy during the third quarter worth about $8,382,000. Mackenzie Financial Corp grew its position in Valero Energy by 6.2% during the third quarter. Mackenzie Financial Corp now owns 435,697 shares of the oil and gas company’s stock worth $49,561,000 after buying an additional 25,328 shares during the period. HRT Financial LLC acquired a new position in Valero Energy during the third quarter worth about $598,000. Finally, Glenmede Trust Co. NA grew its position in Valero Energy by 7.6% during the third quarter. Glenmede Trust Co. NA now owns 656,982 shares of the oil and gas company’s stock worth $74,730,000 after buying an additional 46,128 shares during the period. Hedge funds and other institutional investors own 79.22% of the company’s stock.
Shares of NYSE VLO opened at $88.32 on Wednesday. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $126.98. The stock has a market capitalization of $36.88 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. The company had revenue of $28.73 billion for the quarter, compared to the consensus estimate of $23.26 billion. On average, equities analysts predict that Valero Energy Co. will post 6.87 EPS for the current fiscal year.
Several brokerages have weighed in on VLO. Morgan Stanley upped their target price on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Valero Energy in a report on Monday, March 25th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Friday, January 25th. Finally, Macquarie raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target on the stock in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Valero Energy has an average rating of “Buy” and an average price target of $113.32.
In other Valero Energy news, Director Stephen M. Waters purchased 500 shares of Valero Energy stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of $84.97 per share, with a total value of $42,485.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by corporate insiders.
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Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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