Meeder Asset Management Inc. lessened its stake in Valero Energy Co. (NYSE:VLO) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,100 shares of the oil and gas company’s stock after selling 9,518 shares during the quarter. Meeder Asset Management Inc.’s holdings in Valero Energy were worth $5,798,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VLO. Willingdon Wealth Management acquired a new position in shares of Valero Energy in the third quarter valued at approximately $100,000. Cable Hill Partners LLC boosted its holdings in shares of Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 1,198 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in shares of Valero Energy by 2,272.1% in the third 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 buying an additional 1,386 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $135,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Valero Energy by 300.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,398 shares during the period. Institutional investors own 81.22% of the company’s stock.

VLO has been the subject of several research analyst reports. Zacks Investment Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Scotiabank reiterated a “buy” rating and issued a $84.00 price target on shares of Valero Energy in a report on Tuesday, November 14th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Thursday, November 16th. Finally, Credit Suisse Group began coverage on shares of Valero Energy in a report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 target price for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.06.

In other Valero Energy news, Director Philip J. Pfeiffer sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total transaction of $87,230.00. The disclosure for this sale can be found here. Insiders have sold 299,687 shares of company stock worth $27,733,958 over the last ninety days. Insiders own 0.45% of the company’s stock.

Shares of Valero Energy Co. (NYSE:VLO) opened at $93.19 on Monday. 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 Co. has a 1 year low of $60.69 and a 1 year high of $99.95. The stock has a market cap of $40,778.18, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.99.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The firm had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. equities analysts anticipate that Valero Energy Co. will post 7.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.80 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, February 12th. Valero Energy’s dividend payout ratio is 30.30%.

Valero Energy announced that its board has initiated a stock buyback program on Tuesday, January 23rd that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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