Valero Energy Co. (VLO) Position Increased by Shelton Capital Management
Shelton Capital Management increased its holdings in Valero Energy Co. (NYSE:VLO) by 533.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,532 shares of the oil and gas company’s stock after purchasing an additional 21,500 shares during the quarter. Shelton Capital Management’s holdings in Valero Energy were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of VLO. Willingdon Wealth Management bought a new stake in Valero Energy during the 3rd quarter valued at approximately $100,000. Cable Hill Partners LLC boosted its position in Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its position in Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares in the last quarter. First Personal Financial Services boosted its position in Valero Energy by 13.6% during 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 acquiring an additional 196 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Valero Energy by 300.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,398 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on 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 directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total transaction of $126,192.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,768 shares of company stock valued at $4,248,831. 0.45% of the stock is owned by company insiders.
VLO has been the topic of several research reports. BidaskClub cut Valero Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group cut their price objective on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy in a research report on Thursday, August 31st. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Deutsche Bank reissued a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy in a research 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. Valero Energy currently has a consensus rating of “Hold” and an average price target of $79.28.
Shares of Valero Energy Co. (NYSE VLO) traded up $0.71 on Friday, hitting $88.19. The stock had a trading volume of 6,579,312 shares, compared to its average volume of 3,098,626. 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 12-month low of $60.69 and a 12-month high of $88.43. The company has a market cap of $38,279.59, a PE ratio of 18.89, a P/E/G ratio of 1.93 and a beta of 1.20.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. sell-side analysts forecast that Valero Energy Co. will post 4.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were issued a $0.70 dividend. The ex-dividend date was Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.17%. Valero Energy’s payout ratio is currently 60.48%.
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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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