California Public Employees Retirement System Reduces Position in Valero Energy Co. (NYSE:VLO)

California Public Employees Retirement System reduced its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 562,860 shares of the oil and gas company's stock after selling 44,932 shares during the period. California Public Employees Retirement System owned about 0.18% of Valero Energy worth $69,001,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Valero Energy in the fourth quarter worth approximately $25,000. Tobam purchased a new position in shares of Valero Energy during the fourth quarter worth about $30,000. OFI Invest Asset Management acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new position in Valero Energy during the fourth quarter worth about $38,000. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Valero Energy by 122.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after buying an additional 183 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their target price on Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler cut their price target on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and an average price target of $152.67.

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Valero Energy Trading Down 14.4 %

Shares of NYSE VLO traded down $19.21 on Thursday, reaching $114.41. 9,512,176 shares of the company traded hands, compared to its average volume of 2,903,430. The stock has a market capitalization of $36.04 billion, a PE ratio of 13.49, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a fifty-two week low of $114.04 and a fifty-two week high of $184.79. 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 company has a 50 day moving average of $132.64 and a 200 day moving average of $133.17.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, equities research analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a yield of 3.95%. Valero Energy's dividend payout ratio (DPR) is 53.30%.

Valero Energy Company 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.