Exxonmobil Investment Management Inc. TX Sells 11,077 Shares of Valero Energy Co. (VLO)
Exxonmobil Investment Management Inc. TX decreased its position in Valero Energy Co. (NYSE:VLO) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,577 shares of the oil and gas company’s stock after selling 11,077 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Valero Energy were worth $6,395,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Willingdon Wealth Management bought a new position in Valero Energy in the third quarter valued at about $100,000. Cable Hill Partners LLC lifted its holdings in Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares during the period. San Francisco Sentry Investment Group CA lifted its holdings in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Valero Energy by 300.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,398 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new position in Valero Energy in the third quarter valued at about $160,000. 81.31% of the stock is currently owned by institutional investors.
Shares of Valero Energy Co. (NYSE VLO) opened at $94.10 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The company has a market capitalization of $41,560.00, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. Valero Energy Co. has a 1 year low of $60.69 and a 1 year high of $94.96.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. sell-side analysts expect that Valero Energy Co. will post 5 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, November 20th. Valero Energy’s dividend payout ratio is currently 60.74%.
In related news, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares in the company, valued at $5,120,237.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. Insiders have sold 301,287 shares of company stock valued at $27,860,150 in the last quarter. 0.45% of the stock is currently owned by company insiders.
A number of research firms have weighed in on VLO. Credit Suisse Group began coverage on Valero Energy in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 target price on the stock. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Scotiabank reissued a “buy” rating and issued a $93.00 target price on shares of Valero Energy in a report on Friday, December 22nd. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Thursday, November 16th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $78.00 price target on shares of Valero Energy in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and an average target price of $81.41.
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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