Beech Hill Advisors Inc. reduced its stake in Valero Energy Co. (NYSE:VLO) by 37.1% during the fourth quarter, HoldingsChannel reports. The firm owned 46,775 shares of the oil and gas company’s stock after selling 27,625 shares during the period. Valero Energy comprises about 2.1% of Beech Hill Advisors Inc.’s portfolio, making the stock its 20th biggest holding. Beech Hill Advisors Inc.’s holdings in Valero Energy were worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Putnam FL Investment Management Co. purchased a new position in shares of Valero Energy during the third quarter worth approximately $1,910,000. Prudential Financial Inc. grew its holdings in shares of Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares during the last quarter. Clinton Group Inc. grew its holdings in shares of Valero Energy by 42.3% in the second quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock worth $2,295,000 after purchasing an additional 10,112 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Valero Energy by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Valero Energy by 45.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,747 shares of the oil and gas company’s stock worth $19,367,000 after purchasing an additional 78,904 shares during the last quarter. 81.40% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy 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 completion of the transaction, the chief financial officer now directly 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. In the last ninety days, insiders sold 301,287 shares of company stock valued at $27,860,150. 0.45% of the stock is owned by insiders.

Valero Energy Co. (VLO) opened at $98.95 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $42,559.13, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Valero Energy Co. has a 52-week low of $60.69 and a 52-week high of $99.10.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.83 by $0.08. The business 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 company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. equities research analysts forecast that Valero Energy Co. will post 4.88 EPS for the current fiscal year.

VLO has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating and issued a $80.00 target price (up previously from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Cowen lifted their price target on shares of Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. JPMorgan Chase & Co. cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a report on Friday, October 6th. Barclays reiterated an “overweight” rating and issued a $86.00 price target (up previously from $85.00) on shares of Valero Energy in a report on Tuesday, October 10th. Finally, Jefferies Group cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One 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. The company presently has an average rating of “Hold” and an average price target of $82.59.

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Valero Energy Company Profile

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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