Teacher Retirement System of Texas Raises Stock Position in Valero Energy Co. (NYSE:VLO)

Teacher Retirement System of Texas boosted its holdings in Valero Energy Co. (NYSE:VLO - Free Report) by 29.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 198,323 shares of the oil and gas company's stock after buying an additional 44,826 shares during the period. Teacher Retirement System of Texas owned 0.06% of Valero Energy worth $24,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in Valero Energy by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after purchasing an additional 413,963 shares during the period. Franklin Resources Inc. boosted its position in shares of Valero Energy by 5.6% during the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company's stock worth $639,268,000 after acquiring an additional 247,630 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Valero Energy by 13.6% during the fourth quarter. Pacer Advisors Inc. now owns 4,072,188 shares of the oil and gas company's stock worth $499,210,000 after acquiring an additional 487,022 shares during the last quarter. Wellington Management Group LLP grew its stake in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after acquiring an additional 2,793,607 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its holdings in Valero Energy by 6.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company's stock valued at $342,090,000 after acquiring an additional 151,200 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho decreased their price objective on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Piper Sandler cut their target price on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target on shares of Valero Energy from $160.00 to $159.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

Valero Energy Trading Up 0.1 %

Valero Energy stock traded up $0.07 during midday trading on Tuesday, reaching $132.02. The stock had a trading volume of 3,103,628 shares, compared to its average volume of 2,772,828. 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 firm has a market cap of $41.58 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a 52-week low of $116.84 and a 52-week high of $184.79. The company has a fifty day moving average of $133.88 and a 200 day moving average of $133.34.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share 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%. On average, analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were paid a dividend of $1.13 per share. This is a positive change from Valero Energy's previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's payout ratio is currently 53.30%.

Valero Energy 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.