Wedbush Securities Inc. reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,323 shares of the oil and gas company’s stock after selling 614 shares during the period. Wedbush Securities Inc.’s holdings in Valero Energy were worth $489,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in VLO. Stifel Financial Corp lifted its holdings in shares of Valero Energy by 4,916.0% during the 3rd quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock worth $106,014,000 after acquiring an additional 1,350,627 shares during the period. Bank of New York Mellon Corp raised its holdings in Valero Energy by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock valued at $1,096,715,000 after buying an additional 658,940 shares during the period. Wells Fargo & Company MN raised its holdings in Valero Energy by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,930,471 shares of the oil and gas company’s stock valued at $269,338,000 after buying an additional 494,511 shares during the period. Bank of Montreal Can raised its holdings in Valero Energy by 17.4% in the fourth quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock valued at $294,188,000 after buying an additional 475,381 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock valued at $250,174,000 after buying an additional 411,630 shares during the period. Institutional investors and hedge funds own 78.95% of the company’s stock.
In other news, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the completion of the sale, the chief financial officer now owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction that occurred 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 298,187 shares of company stock valued at $27,611,828 in the last three months. Corporate insiders own 0.45% of the company’s stock.
Shares of Valero Energy Co. (NYSE VLO) opened at $90.83 on Thursday. Valero Energy Co. has a 12 month low of $60.69 and a 12 month high of $99.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The stock has a market cap of $39,750.00, a P/E ratio of 19.70, a PEG ratio of 1.10 and a beta of 0.99.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The business had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same quarter last year, the company earned $0.81 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. sell-side analysts forecast that Valero Energy Co. will post 7.13 EPS for the current fiscal year.
Valero Energy announced that its board has authorized a share repurchase program on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.52%. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is presently 69.41%.
Several research analysts recently commented on VLO shares. Zacks Investment Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Scotiabank restated 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 lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Thursday, November 16th. Finally, Credit Suisse Group started coverage on shares of Valero Energy in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and an average target price of $90.12.
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.
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.