Blue Granite Capital LLC Has $894,000 Position in Valero Energy Corporation (VLO)
Blue Granite Capital LLC decreased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 41.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,616 shares of the oil and gas company’s stock after selling 8,384 shares during the quarter. Blue Granite Capital LLC’s holdings in Valero Energy Corporation were worth $894,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cable Hill Partners LLC raised its stake in Valero Energy Corporation by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares in the last quarter. First Personal Financial Services raised its stake in Valero Energy Corporation by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares in the last quarter. Finally, Ffcm LLC raised its stake in Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.
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Several brokerages have commented on VLO. BidaskClub raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Macquarie reissued a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. Cowen and Company reissued a “buy” rating and set a $90.00 target price on shares of Valero Energy Corporation in a research note on Friday. Finally, Citigroup Inc. lowered their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.19.
Valero Energy Corporation (NYSE:VLO) traded up $0.67 during trading on Monday, hitting $81.55. The company’s stock had a trading volume of 914,973 shares, compared to its average volume of 3,710,000. The company has a market cap of $35,720.00, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. Valero Energy Corporation has a 52-week low of $57.57 and a 52-week high of $82.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.05 and a quick ratio of 1.31.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. sell-side analysts expect that Valero Energy Corporation will post 4.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s payout ratio is 69.31%.
In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen M. Waters sold 1,600 shares of the 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. Insiders have sold a total of 56,768 shares of company stock worth $4,141,471 over the last 90 days. Company insiders own 0.45% of the company’s stock.
About Valero Energy Corporation
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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