Texas Permanent School Fund Corp Buys 82 Shares of Valero Energy Co. (NYSE:VLO)

Texas Permanent School Fund Corp grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 70,403 shares of the oil and gas company’s stock after acquiring an additional 82 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Valero Energy were worth $12,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Valero Energy during the first quarter worth about $33,000. BKM Wealth Management LLC bought a new position in shares of Valero Energy during the 4th quarter valued at about $26,000. Wetzel Investment Advisors Inc. bought a new position in shares of Valero Energy during the 4th quarter valued at about $36,000. FSC Wealth Advisors LLC bought a new position in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, DT Investment Partners LLC bought a new position in shares of Valero Energy during the 4th quarter valued at about $45,000. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the topic of several recent analyst reports. Argus cut Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. The Goldman Sachs Group boosted their target price on Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Piper Sandler cut their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. TD Cowen cut their target price on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, StockNews.com upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $171.07.

Valero Energy Stock Performance

Shares of VLO stock traded up $0.01 during trading on Friday, reaching $146.65. 43,606 shares of the company’s stock were exchanged, compared to its average volume of 3,080,404. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $47.95 billion, a PE ratio of 7.26, a PEG ratio of 1.57 and a beta of 1.42. Valero Energy Co. has a twelve month low of $112.67 and a twelve month high of $184.79. The firm’s fifty day moving average price is $155.31 and its 200-day moving average price is $151.52.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.27 EPS. As a group, sell-side analysts anticipate that Valero Energy Co. will post 15.34 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were paid a $1.07 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $4.28 annualized dividend and a yield of 2.92%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Insider Activity at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the sale, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.