Commonwealth Equity Services Inc decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,597 shares of the oil and gas company’s stock after selling 6,672 shares during the period. Commonwealth Equity Services Inc’s holdings in Valero Energy Corporation were worth $7,354,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Cable Hill Partners LLC lifted its position in Valero Energy Corporation by 1,015.3% during 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 purchasing an additional 1,198 shares during the period. Independent Portfolio Consultants Inc. lifted its position in Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 619 shares during the period. First Personal Financial Services lifted its position in Valero Energy Corporation by 13.6% during the second 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 during the period. Ffcm LLC lifted its position in Valero Energy Corporation by 189.4% during the second 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 during the period. Finally, Manchester Capital Management LLC lifted its position in Valero Energy Corporation by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 300 shares during the period. Institutional investors own 80.81% of the company’s stock.
A number of brokerages have commented on VLO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $78.00 target price on shares of Valero Energy Corporation in a report on Friday. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a report on Monday, October 23rd. They noted that the move was a valuation call. BidaskClub cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $73.00 price objective (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. Valero Energy Corporation has an average rating of “Hold” and a consensus price target of $79.28.
In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders have sold 58,268 shares of company stock valued at $4,263,601 in the last quarter. 0.45% of the stock is owned by company insiders.
Valero Energy Corporation (VLO) traded up $0.76 during mid-day trading on Friday, reaching $82.88. 2,820,881 shares of the company’s stock traded hands, compared to its average volume of 4,077,852. Valero Energy Corporation has a fifty-two week low of $60.35 and a fifty-two week high of $82.92. 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 company has a market capitalization of $36,270.00, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.17.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same quarter last year, the business earned $1.24 earnings per share. Valero Energy Corporation’s quarterly revenue was up 19.9% compared to the same quarter last year. research analysts anticipate that Valero Energy Corporation will post 4.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.38%. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 60.74%.
Valero Energy Corporation 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.
Receive News & Ratings for Valero Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.