Ontario Teachers Pension Plan Board Reduces Holdings in Valero Energy Co. (NYSE:VLO)

Ontario Teachers Pension Plan Board lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 38.5% during the first quarter, Holdings Channel reports. The fund owned 17,865 shares of the oil and gas company’s stock after selling 11,198 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Valero Energy were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Valero Energy by 3.0% during the first quarter. BlackRock Inc. now owns 34,599,223 shares of the oil and gas company’s stock worth $1,569,422,000 after acquiring an additional 998,183 shares during the last quarter. State Street Corp boosted its position in Valero Energy by 1.9% during the fourth quarter. State Street Corp now owns 21,557,904 shares of the oil and gas company’s stock worth $2,018,898,000 after acquiring an additional 399,266 shares during the last quarter. Boston Partners boosted its position in Valero Energy by 35.0% during the fourth quarter. Boston Partners now owns 9,678,791 shares of the oil and gas company’s stock worth $906,537,000 after acquiring an additional 2,509,619 shares during the last quarter. Geode Capital Management LLC boosted its position in Valero Energy by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,949,220 shares of the oil and gas company’s stock worth $555,919,000 after acquiring an additional 160,799 shares during the last quarter. Finally, Norges Bank acquired a new stake in Valero Energy during the fourth quarter worth approximately $431,343,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

In other Valero Energy news, Director Randall J. Weisenburger bought 45,000 shares of Valero Energy stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $47.31 per share, for a total transaction of $2,128,950.00. Following the acquisition, the director now owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

VLO has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $101.00 to $93.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Raymond James raised their target price on shares of Valero Energy from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Argus decreased their price target on shares of Valero Energy from $110.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Jefferies Financial Group lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a report on Tuesday, April 21st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $102.00 price target on shares of Valero Energy in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.50.

NYSE:VLO opened at $65.68 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $26.80 billion, a price-to-earnings ratio of 12.04 and a beta of 1.96. The firm’s fifty day simple moving average is $54.99 and its 200 day simple moving average is $76.01. Valero Energy Co. has a twelve month low of $31.00 and a twelve month high of $101.99.

Valero Energy (NYSE:VLO) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.49. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.22 billion. Valero Energy had a net margin of 0.41% and a return on equity of 10.51%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, analysts predict that Valero Energy Co. will post -1.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, May 14th will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.92 annualized dividend and a dividend yield of 5.97%. Valero Energy’s payout ratio is 68.77%.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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