TIAA Trust National Association Acquires 287 Shares of Valero Energy Co. (NYSE:VLO)

TIAA Trust National Association boosted its position in Valero Energy Co. (NYSE:VLO) by 4.5% during the second quarter, HoldingsChannel reports. The fund owned 6,603 shares of the oil and gas company’s stock after buying an additional 287 shares during the quarter. TIAA Trust National Association’s holdings in Valero Energy were worth $1,035,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Valero Energy in the 2nd quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in Valero Energy in the 2nd quarter valued at about $29,000. Summit Securities Group LLC bought a new stake in Valero Energy in the 2nd quarter valued at about $31,000. Rise Advisors LLC bought a new stake in Valero Energy in the 1st quarter valued at about $33,000. Finally, Pathway Financial Advisers LLC bought a new stake in Valero Energy in the 1st quarter valued at about $33,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLO. Piper Sandler decreased their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Barclays decreased their price target on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Wells Fargo & Company upped their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wolfe Research began coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $174.50.

Valero Energy Stock Down 2.9 %

Shares of VLO opened at $135.52 on Friday. The firm has a market cap of $43.42 billion, a P/E ratio of 6.71, a P/E/G ratio of 2.72 and a beta of 1.40. The stock has a 50 day simple moving average of $149.24 and a two-hundred day simple moving average of $155.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. The business had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 earnings per share. On average, analysts forecast that Valero Energy Co. will post 12.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is currently 21.20%.

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.