Strs Ohio Has $23.66 Million Stake in Valero Energy Co. (VLO)

Strs Ohio lowered its position in Valero Energy Co. (NYSE:VLO) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 257,452 shares of the oil and gas company’s stock after selling 8,980 shares during the period. Strs Ohio’s holdings in Valero Energy were worth $23,662,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VLO. Stifel Financial Corp grew its position in shares of Valero Energy by 4,916.0% in the 3rd quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock worth $106,014,000 after buying an additional 1,350,627 shares during the last quarter. FMR LLC grew its position in shares of Valero Energy by 146.1% in the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after buying an additional 1,320,524 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Valero Energy by 1,780.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after buying an additional 1,067,201 shares during the last quarter. Bank of Montreal Can grew its position in shares of Valero Energy by 17.4% in the 4th quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock worth $294,188,000 after buying an additional 475,381 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Valero Energy by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock worth $867,273,000 after buying an additional 469,406 shares during the last quarter. 81.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Valero Energy Co. (NYSE:VLO) opened at $98.69 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy Co. has a 12 month low of $60.69 and a 12 month high of $99.95. The company has a market cap of $43,590.00, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20.

Valero Energy announced that its Board of Directors has approved a stock repurchase plan on Tuesday, January 23rd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.24%. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, February 12th. Valero Energy’s payout ratio is presently 60.74%.

In other Valero Energy news, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction that occurred 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 90 days, insiders have sold 301,287 shares of company stock valued at $27,860,150. Company insiders own 0.45% of the company’s stock.

Several analysts have weighed in on VLO shares. Piper Jaffray Companies reissued a “hold” rating and set a $78.00 target price on shares of Valero Energy in a research report on Friday, November 17th. Citigroup boosted their target price on shares of Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Cowen reissued a “buy” rating and set a $90.00 target price on shares of Valero Energy in a research report on Friday, November 3rd. Finally, Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Hold” and a consensus price target of $84.94.

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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.

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

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