National Pension Service lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.2% in the first quarter, HoldingsChannel reports. The fund owned 589,535 shares of the oil and gas company’s stock after acquiring an additional 6,857 shares during the period. National Pension Service’s holdings in Valero Energy were worth $26,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Red Door Wealth Management LLC purchased a new position in Valero Energy during the first quarter valued at approximately $25,000. Balentine LLC purchased a new position in shares of Valero Energy during the 1st quarter valued at $25,000. Allworth Financial LP boosted its holdings in Valero Energy by 70.4% in the 1st quarter. Allworth Financial LP now owns 569 shares of the oil and gas company’s stock worth $26,000 after buying an additional 235 shares during the period. Ballast Advisors LLC purchased a new stake in Valero Energy in the 1st quarter worth $29,000. Finally, Golden State Wealth Management LLC bought a new stake in Valero Energy during the first quarter valued at about $36,000. 75.72% of the stock is owned by institutional investors.

Several research firms recently issued reports on VLO. Wells Fargo & Co increased their target price on Valero Energy from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group increased their price objective on shares of Valero Energy from $52.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday. Goldman Sachs Group cut shares of Valero Energy from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research report on Tuesday, June 16th. Raymond James upped their target price on shares of Valero Energy from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Finally, Barclays reaffirmed a “buy” rating and set a $71.00 target price on shares of Valero Energy in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and a consensus target price of $77.33.

Shares of Valero Energy stock traded down $0.99 during trading hours on Friday, reaching $56.29. The company’s stock had a trading volume of 1,023,006 shares, compared to its average volume of 4,721,729. The firm has a 50 day moving average price of $65.41 and a 200-day moving average price of $70.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.31 and a quick ratio of 0.89. The stock has a market cap of $22.86 billion, a P/E ratio of 56.76 and a beta of 1.95. Valero Energy Co. has a one year low of $31.00 and a one year high of $101.99.

Valero Energy (NYSE:VLO) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.34 EPS for the quarter, topping the Zacks’ 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 company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. As a group, sell-side analysts forecast that Valero Energy Co. will post -1.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Thursday, May 14th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $3.92 annualized dividend and a yield of 6.96%. Valero Energy’s dividend payout ratio (DPR) 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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