Mutual of America Capital Management LLC Sells 2,761 Shares of Valero Energy Co. (NYSE:VLO)

Mutual of America Capital Management LLC decreased its stake in Valero Energy Co. (NYSE:VLO) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,218 shares of the oil and gas company’s stock after selling 2,761 shares during the period. Mutual of America Capital Management LLC’s holdings in Valero Energy were worth $6,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VLO. Manning & Napier Advisors LLC bought a new stake in shares of Valero Energy in the 2nd quarter valued at $15,945,000. Allspring Global Investments Holdings LLC boosted its position in Valero Energy by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after acquiring an additional 22,571 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in Valero Energy during the 2nd quarter worth about $535,000. Massmutual Trust Co. FSB ADV raised its position in shares of Valero Energy by 23.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after acquiring an additional 8,198 shares in the last quarter. Finally, BOKF NA lifted its stake in shares of Valero Energy by 402.7% in the 1st quarter. BOKF NA now owns 17,303 shares of the oil and gas company’s stock valued at $2,987,000 after purchasing an additional 13,861 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VLO shares. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. TD Cowen decreased their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Mizuho dropped their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Price Performance

VLO opened at $142.01 on Wednesday. The firm’s fifty day moving average price is $136.15 and its two-hundred day moving average price is $146.15. The company has a market capitalization of $44.96 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $7.49 earnings per share. As a group, analysts anticipate that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.01%. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

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.