Atria Investments LLC Has $1.98 Million Position in Valero Energy Co. (VLO)
Atria Investments LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 65.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,564 shares of the oil and gas company’s stock after selling 40,813 shares during the period. Atria Investments LLC’s holdings in Valero Energy were worth $1,982,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Putnam FL Investment Management Co. purchased a new stake in shares of Valero Energy during the 3rd quarter valued at about $1,910,000. Prudential Financial Inc. raised its holdings in shares of Valero Energy by 14.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock valued at $250,174,000 after buying an additional 411,630 shares during the period. Clinton Group Inc. raised its holdings in shares of Valero Energy by 42.3% during the 2nd quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock valued at $2,295,000 after buying an additional 10,112 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Valero Energy by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock valued at $28,275,000 after buying an additional 7,200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Valero Energy by 45.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,747 shares of the oil and gas company’s stock valued at $19,367,000 after buying an additional 78,904 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.
VLO has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating and set a $80.00 target price (up from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Cowen raised their price objective on Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. JPMorgan Chase & Co. lowered Valero Energy from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $78.00 in a research note on Friday, October 6th. Barclays restated an “overweight” rating and set a $86.00 price objective (up previously from $85.00) on shares of Valero Energy in a research note on Tuesday, October 10th. Finally, Jefferies Group lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $81.41.
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 consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. research analysts expect that Valero Energy Co. will post 4.92 earnings per share for the current year.
In other news, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen M. Waters sold 1,600 shares of Valero Energy stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,287 shares of company stock valued at $27,860,150. Insiders own 0.45% of the company’s stock.
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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