Ontario Teachers Pension Plan Board Sells 4,939 Shares of Valero Energy Co. (NYSE:VLO)

Ontario Teachers Pension Plan Board cut its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,777 shares of the oil and gas company's stock after selling 4,939 shares during the period. Ontario Teachers Pension Plan Board's holdings in Valero Energy were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VLO. Vanguard Group Inc. grew its position in shares of Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock valued at $4,257,024,000 after purchasing an additional 4,805,133 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after buying an additional 413,963 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Valero Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after purchasing an additional 100,248 shares in the last quarter. Norges Bank purchased a new stake in shares of Valero Energy during the fourth quarter worth $669,400,000. Finally, Franklin Resources Inc. increased its stake in shares of Valero Energy by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 4,759,172 shares of the oil and gas company's stock worth $583,427,000 after buying an additional 71,587 shares during the period. Institutional investors own 78.69% of the company's stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler cut their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Finally, Raymond James dropped their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.46.

Valero Energy Stock Up 2.7 %

Shares of Valero Energy stock traded up $2.85 during midday trading on Friday, hitting $109.98. The company's stock had a trading volume of 2,662,747 shares, compared to its average volume of 2,990,067. Valero Energy Co. has a 1-year low of $99.00 and a 1-year high of $168.85. The firm has a market capitalization of $34.64 billion, a P/E ratio of 12.97, a PEG ratio of 2.93 and a beta of 1.17. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $125.26 and a 200-day simple moving average of $130.83.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. As a group, sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current year.

About Valero Energy

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.