Public Employees Retirement System of Ohio Cuts Holdings in Valero Energy Co. (VLO)

Public Employees Retirement System of Ohio lowered its stake in Valero Energy Co. (NYSE:VLO) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,363 shares of the oil and gas company’s stock after selling 5,072 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Valero Energy worth $29,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hourglass Capital LLC bought a new position in Valero Energy in the fourth quarter valued at approximately $207,000. Pinnacle Financial Partners Inc. lifted its position in shares of Valero Energy by 6.9% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 54,793 shares of the oil and gas company’s stock worth $5,036,000 after purchasing an additional 3,518 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Valero Energy by 10.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 9,247 shares of the oil and gas company’s stock worth $848,000 after purchasing an additional 901 shares in the last quarter. Sei Investments Co. lifted its position in shares of Valero Energy by 9.0% in the fourth quarter. Sei Investments Co. now owns 130,234 shares of the oil and gas company’s stock worth $11,971,000 after purchasing an additional 10,797 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of Valero Energy by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 42,416 shares of the oil and gas company’s stock worth $3,898,000 after purchasing an additional 800 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

In other Valero Energy news, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the transaction, the chief financial officer now directly owns 57,589 shares in the company, valued at $5,120,237.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total transaction of $87,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,187 shares of company stock worth $27,611,828. Corporate insiders own 0.45% of the company’s stock.

VLO has been the topic of a number of research reports. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reissued a “buy” rating and issued a $100.00 price objective on shares of Valero Energy in a research report on Thursday, February 1st. UBS Group boosted their price objective on shares of Valero Energy from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 price objective on shares of Valero Energy in a research report on Tuesday, January 30th. Finally, Macquarie reissued a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $90.12.

Valero Energy Co. (VLO) opened at $93.51 on Thursday. The firm has a market cap of $40,530.00, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.07 and a beta of 0.99. Valero Energy Co. has a fifty-two week low of $60.69 and a fifty-two week high of $99.95. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion for the quarter, compared to the consensus estimate of $23.02 billion. Valero Energy had a net margin of 3.66% and a return on equity of 16.72%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. analysts anticipate that Valero Energy Co. will post 7.19 EPS for the current year.

Valero Energy declared that its board has approved a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a $0.80 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, February 12th. Valero Energy’s payout ratio is currently 69.41%.

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About Valero Energy

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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

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