KCS Wealth Advisory Purchases Shares of 10,737 Valero Energy Co. (VLO)
KCS Wealth Advisory purchased a new position in shares of Valero Energy Co. (NYSE:VLO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,737 shares of the oil and gas company’s stock, valued at approximately $987,000. Valero Energy makes up about 1.0% of KCS Wealth Advisory’s portfolio, making the stock its 20th biggest holding.
Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its stake in shares of Valero Energy by 4,916.0% in the third quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock worth $106,014,000 after buying an additional 1,350,627 shares during the period. FMR LLC increased its stake in shares of Valero Energy by 146.1% in the second quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after buying an additional 1,320,524 shares during the period. BlackRock Inc. increased its stake in shares of Valero Energy by 2.8% in 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 buying an additional 1,080,617 shares during the period. Janus Henderson Group PLC increased its stake in shares of Valero Energy by 1,780.4% in the second quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after buying an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Valero Energy by 88.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after buying an additional 1,005,206 shares during the period. 81.31% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total transaction of $126,192.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 251,530 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares in the company, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 301,287 shares of company stock worth $27,860,150. Company insiders own 0.45% of the company’s stock.
VLO has been the topic of several analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a $73.00 target price (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. UBS Group reaffirmed a “neutral” rating and issued a $80.00 target price (up from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Cowen lifted their target price on shares of 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. 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. Finally, 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $81.41.
Valero Energy Co. (NYSE:VLO) traded up $2.20 during trading hours on Friday, reaching $96.75. 2,868,554 shares of the company traded hands, compared to its average volume of 2,990,422. The company has a market capitalization of $42,730.00, a PE ratio of 20.99, a P/E/G ratio of 1.47 and a beta of 1.20. Valero Energy Co. has a twelve month low of $60.69 and a twelve month high of $97.00. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.08. Valero Energy had a net margin of 3.66% and a return on equity of 16.72%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. analysts predict that Valero Energy Co. will post 5 earnings per share for the current fiscal year.
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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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