Harwood Advisory Group LLC Sells 25,286 Shares of Valero Energy Corporation (VLO)
Harwood Advisory Group LLC cut its holdings in Valero Energy Corporation (NYSE:VLO) by 90.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,793 shares of the oil and gas company’s stock after selling 25,286 shares during the period. Harwood Advisory Group LLC’s holdings in Valero Energy Corporation were worth $215,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. OLD Republic International Corp bought a new stake in Valero Energy Corporation during the first quarter valued at about $11,435,000. Aberdeen Asset Management PLC UK boosted its holdings in Valero Energy Corporation by 19.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after acquiring an additional 172,788 shares during the period. Brookstone Capital Management boosted its holdings in Valero Energy Corporation by 4.4% during the second quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after acquiring an additional 3,644 shares during the period. Andra AP fonden boosted its holdings in Valero Energy Corporation by 2.9% during the second quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock valued at $4,810,000 after acquiring an additional 2,000 shares during the period. Finally, Swiss National Bank boosted its holdings in Valero Energy Corporation by 2.7% during the second quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock valued at $111,103,000 after acquiring an additional 42,700 shares during the period. Hedge funds and other institutional investors own 81.75% of the company’s stock.
A number of research firms have issued reports on VLO. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Macquarie restated a “neutral” rating on shares of Valero Energy Corporation in a report on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group LLC cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG restated a “hold” rating and set a $73.00 price target (up from $65.00) on shares of Valero Energy Corporation in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.28.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders sold 58,268 shares of company stock valued at $4,263,601 in the last three months. Company insiders own 0.45% of the company’s stock.
Valero Energy Corporation (NYSE:VLO) traded down $0.10 during trading hours on Friday, reaching $82.25. 1,570,150 shares of the company traded hands, compared to its average volume of 4,067,806. Valero Energy Corporation has a 52-week low of $60.35 and a 52-week high of $84.00. 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 firm has a market capitalization of $36,034.79, a price-to-earnings ratio of 17.79, a PEG ratio of 1.71 and a beta of 1.17.
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 the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts expect that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 60.48%.
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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