Virginia Retirement Systems ET AL Cuts Stake in Valero Energy Corporation (VLO)
Virginia Retirement Systems ET AL decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 20.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 293,999 shares of the oil and gas company’s stock after selling 75,844 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.07% of Valero Energy worth $22,617,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VLO. BKD Wealth Advisors LLC boosted its stake in Valero Energy by 0.4% in the 2nd quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after purchasing an additional 24 shares during the period. Eads & Heald Investment Counsel boosted its stake in Valero Energy by 0.3% in the 2nd quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 25 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in Valero Energy by 0.7% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 30 shares during the period. Wetherby Asset Management Inc. boosted its stake in Valero Energy by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 38 shares during the period. Finally, Capital Wealth Planning LLC boosted its stake in Valero Energy by 1.1% in the 2nd quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 45 shares during the period. Institutional investors own 81.75% of the company’s stock.
Several brokerages have commented on VLO. US Capital Advisors downgraded Valero Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub downgraded Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Cowen Inc raised their target price on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. UBS AG restated a “neutral” rating and issued a $80.00 target price (up previously from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $78.00 target price on shares of Valero Energy in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.28.
Shares of Valero Energy Corporation (NYSE:VLO) traded down $0.10 on Monday, hitting $82.25. The stock had a trading volume of 1,623,400 shares, compared to its average volume of 4,057,038. The company has a market cap of $35,991.04, a P/E ratio of 17.76, a PEG ratio of 1.71 and a beta of 1.17. 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 Corporation has a 12-month low of $60.35 and a 12-month high of $84.00.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. equities research analysts expect that Valero Energy Corporation will post 4.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
In related news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,268 shares of company stock valued at $4,263,601. Corporate insiders own 0.45% of the company’s stock.
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Valero Energy 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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