Maryland State Retirement & Pension System Has $3.44 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Maryland State Retirement & Pension System lowered its stake in Valero Energy Co. (NYSE:VLO) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,420 shares of the oil and gas company’s stock after selling 692 shares during the period. Maryland State Retirement & Pension System’s holdings in Valero Energy were worth $3,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marino Stram & Associates LLC raised its stake in shares of Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 77 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Valero Energy by 0.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,000 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 81 shares during the period. Arkadios Wealth Advisors grew its position in shares of Valero Energy by 5.0% in the 4th quarter. Arkadios Wealth Advisors now owns 1,690 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 81 shares during the last quarter. Fulcrum Equity Management increased its stake in shares of Valero Energy by 1.0% in the fourth quarter. Fulcrum Equity Management now owns 8,806 shares of the oil and gas company’s stock valued at $1,145,000 after buying an additional 86 shares during the period. Finally, McIlrath & Eck LLC raised its position in shares of Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 1.0 %

VLO traded down $1.53 during midday trading on Tuesday, reaching $156.67. 2,218,971 shares of the company were exchanged, compared to its average volume of 3,240,762. The company has a market cap of $51.23 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. Valero Energy Co. has a one year low of $105.49 and a one year high of $184.79. The company’s fifty day moving average price is $163.41 and its 200 day moving average price is $142.01.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The firm had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the prior year, the business posted $8.27 EPS. The business’s revenue was down 12.8% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 18.02 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on VLO shares. TD Cowen decreased their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Mizuho downgraded Valero Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Finally, Barclays dropped their price target on Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. One 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 given a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.40.

Valero Energy Company 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.