Usca Ria LLC Cuts Stake in Valero Energy Co. (VLO)

Usca Ria LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 97.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,783 shares of the oil and gas company’s stock after selling 63,794 shares during the quarter. Usca Ria LLC’s holdings in Valero Energy were worth $203,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its stake in Valero Energy by 70.4% in the 2nd quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 600 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Valero Energy by 11.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 55,345 shares of the oil and gas company’s stock worth $6,134,000 after purchasing an additional 5,781 shares in the last quarter. Daiwa SB Investments Ltd. lifted its stake in Valero Energy by 28.8% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 3,000 shares of the oil and gas company’s stock worth $332,000 after purchasing an additional 670 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in Valero Energy by 1.9% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,340 shares of the oil and gas company’s stock worth $4,582,000 after purchasing an additional 765 shares in the last quarter. Finally, Legacy Private Trust Co. lifted its stake in Valero Energy by 94.5% in the 2nd quarter. Legacy Private Trust Co. now owns 12,605 shares of the oil and gas company’s stock worth $1,397,000 after purchasing an additional 6,125 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

Several analysts have issued reports on the stock. Credit Suisse Group upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $135.00 to $120.00 in a research note on Thursday, November 1st. Morgan Stanley lowered their target price on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Raymond James lowered their target price on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Wells Fargo & Co lowered their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Valero Energy currently has a consensus rating of “Hold” and a consensus target price of $115.82.

Valero Energy stock opened at $87.58 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.59. The firm has a market cap of $39.57 billion, a PE ratio of 17.66, a P/E/G ratio of 0.76 and a beta of 1.15. Valero Energy Co. has a fifty-two week low of $80.00 and a fifty-two week high of $126.98.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. As a group, equities analysts forecast that Valero Energy Co. will post 6.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s payout ratio is presently 64.52%.

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Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

See Also: Cost of Debt

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

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