Ontario Teachers Pension Plan Board Has $1.93 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Ontario Teachers Pension Plan Board cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,777 shares of the oil and gas company’s stock after selling 4,939 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Valero Energy were worth $1,934,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth about $3,249,000. Westside Investment Management Inc. boosted its holdings in shares of Valero Energy by 18.1% during the third quarter. Westside Investment Management Inc. now owns 679 shares of the oil and gas company’s stock worth $92,000 after acquiring an additional 104 shares during the period. Anchor Investment Management LLC grew its position in shares of Valero Energy by 13.1% in the third quarter. Anchor Investment Management LLC now owns 11,820 shares of the oil and gas company’s stock valued at $1,596,000 after purchasing an additional 1,370 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Valero Energy by 34.7% during the third quarter. World Investment Advisors LLC now owns 4,245 shares of the oil and gas company’s stock worth $573,000 after purchasing an additional 1,093 shares during the period. Finally, Arvest Bank Trust Division acquired a new stake in Valero Energy during the 3rd quarter worth approximately $7,609,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLO shares. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Raymond James lowered their price objective on shares of Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Scotiabank decreased their price target on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler lowered their target price on 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 cut their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $152.46.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $107.54 on Wednesday. The company’s fifty day moving average is $126.85 and its 200 day moving average is $131.35. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $99.00 and a 52 week high of $171.23. The stock has a market cap of $33.87 billion, a PE ratio of 12.68, a PEG ratio of 2.93 and a beta of 1.17.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.20%. Valero Energy’s dividend payout ratio is presently 53.30%.

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.