Police & Firemen s Retirement System of New Jersey Acquires 1,301 Shares of Valero Energy Corporation $VLO

Police & Firemen s Retirement System of New Jersey increased its holdings in Valero Energy Corporation (NYSE:VLO) by 2.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 47,399 shares of the oil and gas company’s stock after purchasing an additional 1,301 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Valero Energy were worth $6,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VLO. Hoey Investments Inc. purchased a new position in shares of Valero Energy in the second quarter valued at $26,000. GFG Capital LLC bought a new position in shares of Valero Energy in the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. grew its stake in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Valero Energy by 1,277.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 230 shares in the last quarter. Finally, Hemington Wealth Management boosted its holdings in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 3.3%

Shares of VLO opened at $181.63 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $183.93. The firm has a 50 day moving average price of $166.75 and a 200-day moving average price of $147.38. The firm has a market cap of $55.40 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.5%. Valero Energy’s dividend payout ratio is currently 94.36%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Piper Sandler lifted their target price on shares of Valero Energy from $201.00 to $223.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.00.

Valero Energy Profile

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.