Visionary Asset Management Inc. Sells 2,237 Shares of Valero Energy Co. (VLO)
Visionary Asset Management Inc. lessened its position in Valero Energy Co. (NYSE:VLO) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,571 shares of the oil and gas company’s stock after selling 2,237 shares during the quarter. Valero Energy makes up about 1.0% of Visionary Asset Management Inc.’s portfolio, making the stock its 19th biggest position. Visionary Asset Management Inc.’s holdings in Valero Energy were worth $3,352,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in VLO. Putnam FL Investment Management Co. bought a new position in Valero Energy in the third quarter valued at approximately $1,910,000. Aberdeen Asset Management PLC UK grew its stake in Valero Energy by 19.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after purchasing an additional 172,788 shares in the last quarter. Brookstone Capital Management grew its stake in Valero Energy by 4.4% in the second quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after purchasing an additional 3,644 shares in the last quarter. Andra AP fonden grew its stake in Valero Energy by 2.9% in the second quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock valued at $4,810,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Swiss National Bank grew its stake in Valero Energy by 2.7% in the second quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock valued at $111,103,000 after purchasing an additional 42,700 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on VLO. Macquarie restated a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Deutsche Bank restated a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. Cowen restated a “buy” rating and issued a $90.00 price target on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.28.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the sale, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders sold a total of 57,768 shares of company stock valued at $4,248,831 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.
Shares of Valero Energy Co. (NYSE:VLO) traded up $0.71 during midday trading on Friday, hitting $88.19. The stock had a trading volume of 6,579,312 shares, compared to its average volume of 3,098,626. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy Co. has a one year low of $60.69 and a one year high of $88.43. The company has a market cap of $38,279.59, a P/E ratio of 18.89, a P/E/G ratio of 1.93 and a beta of 1.20.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts predict that Valero Energy Co. will post 4.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.17%. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
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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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