State Street Corp Sells 887,049 Shares of Valero Energy Co. (NYSE:VLO)

State Street Corp decreased its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,701,560 shares of the oil and gas company's stock after selling 887,049 shares during the quarter. State Street Corp owned approximately 6.86% of Valero Energy worth $2,930,362,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VLO. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the second quarter valued at $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy during the 3rd quarter worth about $28,000. Summit Securities Group LLC bought a new position in Valero Energy during the 2nd quarter valued at about $31,000. Compagnie Lombard Odier SCmA acquired a new position in Valero Energy in the third quarter valued at about $34,000. Finally, True Wealth Design LLC boosted its position in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock valued at $37,000 after buying an additional 183 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They set a "neutral" rating and a $150.00 price target for the company. Mizuho reduced their price objective on Valero Energy from $175.00 to $171.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research note on Monday, September 16th. Finally, Scotiabank cut their price target on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $155.86.

Valero Energy Trading Down 1.2 %

Shares of NYSE:VLO traded down $1.55 during trading on Friday, hitting $131.50. 1,984,240 shares of the company's stock were exchanged, compared to its average volume of 2,914,111. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $41.63 billion, a P/E ratio of 11.79, a PEG ratio of 2.50 and a beta of 1.39. The firm has a 50-day moving average price of $137.07 and a two-hundred day moving average price of $144.70. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business's quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.49 EPS. Equities analysts predict that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.25%. The ex-dividend date is Wednesday, November 20th. Valero Energy's payout ratio is 38.39%.

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.