Private Advisor Group LLC Lowers Position in Valero Energy Co. (VLO)

Private Advisor Group LLC lessened its stake in Valero Energy Co. (NYSE:VLO) by 47.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,613 shares of the oil and gas company’s stock after selling 10,482 shares during the period. Private Advisor Group LLC’s holdings in Valero Energy were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Willingdon Wealth Management purchased a new position in Valero Energy in the 3rd quarter valued at approximately $100,000. Cable Hill Partners LLC grew 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 buying an additional 1,198 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 799 shares in the last quarter. San Francisco Sentry Investment Group CA grew 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 buying an additional 1,386 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Valero Energy in the 4th quarter valued at approximately $135,000. 78.95% of the stock is currently owned by institutional investors.

In related news, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now directly owns 57,589 shares in the company, valued at $5,120,237.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sold 298,187 shares of company stock valued at $27,611,828 over the last quarter. 0.45% of the stock is owned by company insiders.

VLO has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, October 23rd. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Scotiabank reiterated a “buy” rating and issued a $93.00 price objective on shares of Valero Energy in a research note on Friday, December 22nd. Cowen reiterated a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Bank of America lifted their price objective on shares of Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Valero Energy currently has a consensus rating of “Hold” and a consensus price target of $90.12.

Valero Energy Co. (NYSE VLO) opened at $93.27 on Tuesday. The company has a market cap of $40,810.00, a price-to-earnings ratio of 20.23, a PEG ratio of 1.12 and a beta of 0.99. 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.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. sell-side analysts anticipate that Valero Energy Co. will post 7.13 earnings per share for the current fiscal year.

Valero Energy declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, February 12th. 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%. Valero Energy’s payout ratio is 69.41%.

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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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