CHURCHILL MANAGEMENT Corp cut its position in shares of Valero Energy Co. (NYSE:VLO) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 226,210 shares of the oil and gas company’s stock after selling 10,014 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Valero Energy were worth $20,791,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Putnam FL Investment Management Co. acquired a new stake in Valero Energy during the third quarter worth about $1,910,000. Prudential Financial Inc. increased its stake in Valero Energy by 14.5% during 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 acquiring an additional 411,630 shares during the last quarter. Clinton Group Inc. increased its stake in Valero Energy by 42.3% during the second quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock worth $2,295,000 after acquiring an additional 10,112 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Valero Energy by 2.0% during 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 acquiring an additional 7,200 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Valero Energy by 2.8% during the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after acquiring an additional 1,080,617 shares during the last quarter. Institutional investors own 81.31% of the company’s stock.

Several equities research analysts have commented on VLO shares. Deutsche Bank restated a “hold” rating and set a $73.00 price target (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. UBS Group restated a “neutral” rating and set a $80.00 price target (up from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Cowen upped their price target on Valero Energy from $70.00 to $90.00 and gave the stock 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 upped their price target for the stock from $75.00 to $78.00 in a research note on Friday, October 6th. Finally, Barclays restated an “overweight” rating and set a $86.00 price target (up from $85.00) on shares of Valero Energy in a research note on Tuesday, October 10th. One equities research 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 currently has an average rating of “Hold” and an average target price of $81.41.

In related news, 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 completion of the transaction, the chief financial officer now owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Waters sold 1,600 shares of the stock in a transaction dated Tuesday, October 31st. The shares were 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 sold 301,287 shares of company stock valued at $27,860,150 in the last three months. 0.45% of the stock is currently owned by company insiders.

Shares of Valero Energy Co. (VLO) traded up $0.39 during midday trading on Thursday, hitting $94.55. The stock had a trading volume of 2,680,000 shares, compared to its average volume of 3,170,000. Valero Energy Co. has a 52 week low of $60.69 and a 52 week high of $94.96. 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 stock has a market capitalization of $41,760.00, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.47 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 16.72% and a net margin of 3.66%. The company had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company’s revenue was up 19.9% compared to the same quarter last year. sell-side analysts expect that Valero Energy Co. will post 5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Monday, November 20th. Valero Energy’s dividend payout ratio is currently 60.74%.

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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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