California Public Employees Retirement System Sells 41,456 Shares of Valero Energy Co. (NYSE:VLO)

California Public Employees Retirement System trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 657,364 shares of the oil and gas company’s stock after selling 41,456 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Valero Energy worth $85,457,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VLO. Arkadios Wealth Advisors bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $228,000. RFG Advisory LLC bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $293,000. Meridian Wealth Management LLC boosted its position in shares of Valero Energy by 2.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 7,387 shares of the oil and gas company’s stock worth $1,019,000 after purchasing an additional 200 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Valero Energy in the 3rd quarter worth approximately $214,000. Finally, Miller Howard Investments Inc. NY boosted its position in shares of Valero Energy by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,630 shares of the oil and gas company’s stock worth $2,357,000 after purchasing an additional 79 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

Shares of VLO opened at $167.00 on Thursday. The firm has a market cap of $55.52 billion, a PE ratio of 6.75, a P/E/G ratio of 1.53 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $160.04 and a two-hundred day simple moving average of $140.15. Valero Energy Co. has a 1-year low of $104.18 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. The business had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $8.45 EPS. On average, equities analysts anticipate that Valero Energy Co. will post 18.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group boosted their price target on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Piper Sandler boosted their price target on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. Finally, Raymond James boosted their price objective on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.63.

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.