Cubist Systematic Strategies LLC Trims Holdings in Valero Energy Co. (VLO)
Cubist Systematic Strategies LLC decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 48.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,201 shares of the oil and gas company’s stock after selling 12,182 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Valero Energy were worth $1,016,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Capital Wealth Planning LLC lifted its holdings in Valero Energy by 1.1% during the 2nd quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock worth $273,000 after buying an additional 45 shares in the last quarter. AMG Funds LLC lifted its holdings in Valero Energy by 0.4% during the 2nd quarter. AMG Funds LLC now owns 26,824 shares of the oil and gas company’s stock worth $1,810,000 after buying an additional 110 shares in the last quarter. Optimum Investment Advisors lifted its holdings in Valero Energy by 1.1% during the 2nd quarter. Optimum Investment Advisors now owns 14,352 shares of the oil and gas company’s stock worth $968,000 after buying an additional 152 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in shares of Valero Energy by 1.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 10,407 shares of the oil and gas company’s stock valued at $702,000 after purchasing an additional 184 shares during the period. Finally, First Personal Financial Services lifted its stake in shares of Valero Energy by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares during the period. 81.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $78.00 price target on shares of Valero Energy in a research note on Friday, November 17th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Thursday, November 16th. UBS increased their price target on Valero Energy from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Barclays increased their price target on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Finally, Scotiabank reissued a “buy” rating and issued a $84.00 price target on shares of Valero Energy in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $79.28.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. analysts expect that Valero Energy Co. will post 4.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Monday, November 20th. Valero Energy’s payout ratio is presently 60.74%.
In related news, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders have sold a total of 4,756 shares of company stock worth $385,316 in the last ninety days. 0.45% of the stock is currently owned by company insiders.
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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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