Adams Asset Advisors LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 138,411 shares of the oil and gas company’s stock after selling 2,913 shares during the quarter. Valero Energy comprises approximately 1.6% of Adams Asset Advisors LLC’s holdings, making the stock its 2nd largest position. Adams Asset Advisors LLC’s holdings in Valero Energy were worth $12,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Putnam FL Investment Management Co. purchased a new stake in Valero Energy during the third quarter valued at about $1,910,000. Prudential Financial Inc. grew its position 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 valued at $250,174,000 after acquiring an additional 411,630 shares during the period. Clinton Group Inc. boosted its position in shares of Valero Energy by 42.3% in the second quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock worth $2,295,000 after buying an additional 10,112 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Valero Energy by 2.0% in 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 buying an additional 7,200 shares during the period. Finally, BlackRock Inc. boosted its position 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. 81.31% of the stock is owned by hedge funds and other institutional investors.

In other Valero Energy news, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was 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 $28,837,711.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction that occurred on 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. In the last quarter, insiders sold 301,287 shares of company stock worth $27,860,150. Insiders own 0.45% of the company’s stock.

Several equities research analysts have recently weighed in on VLO shares. Zacks Investment Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and issued a $84.00 target price on shares of Valero Energy in a research report on Tuesday, November 14th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Thursday, November 16th. Citigroup upped their target price on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. 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 stock. The company has an average rating of “Hold” and a consensus price target of $81.41.

Valero Energy Co. (NYSE:VLO) traded up $0.39 during trading hours on Thursday, hitting $94.55. The company had a trading volume of 2,680,000 shares, compared to its average volume of 3,170,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy Co. has a fifty-two week low of $60.69 and a fifty-two week high of $94.96. The firm has a market capitalization of $41,760.00, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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. Valero Energy had a return on equity of 16.72% and a net margin of 3.66%. 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 firm posted $1.24 earnings per share. The company’s revenue was up 19.9% compared to the same quarter last year. equities research analysts expect that Valero Energy Co. will post 5 EPS 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 60.74%.

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About Valero Energy

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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