Ladenburg Thalmann Financial Services Inc. boosted its position in Valero Energy Co. (NYSE:VLO) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,358 shares of the oil and gas company’s stock after purchasing an additional 9,049 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Valero Energy were worth $6,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLO. Willingdon Wealth Management purchased a new position in Valero Energy in the 3rd quarter valued at approximately $100,000. Cable Hill Partners LLC increased its stake in Valero Energy by 1,015.3% in 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 purchasing an additional 1,198 shares in the last quarter. First Personal Financial Services increased its stake in 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 in the last quarter. San Francisco Sentry Investment Group CA increased its stake in Valero Energy by 2,272.1% in 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 purchasing an additional 1,386 shares in the last quarter. Finally, Ffcm LLC increased its stake in Valero Energy by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Co. (VLO) traded down $0.26 during mid-day trading on Wednesday, hitting $86.94. The stock had a trading volume of 2,515,200 shares, compared to its average volume of 4,023,797. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $88.11. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $38,157.06, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. sell-side analysts forecast that Valero Energy Co. will post 4.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 60.48%.

Several equities analysts recently weighed in on VLO shares. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $87.00 price objective (up from $74.00) on shares of Valero Energy in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and set a $73.00 target price (up previously from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, October 16th. Finally, Jefferies Group lowered their target price on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.28.

In other news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $122,130.00. The disclosure for this sale can be found here. Insiders have sold 56,768 shares of company stock worth $4,161,601 in the last 90 days. Insiders own 0.45% of the company’s stock.

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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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