CWM Advisors LLC lowered its stake in Valero Energy Co. (NYSE:VLO) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,724 shares of the oil and gas company’s stock after selling 181 shares during the quarter. CWM Advisors LLC’s holdings in Valero Energy were worth $536,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Valero Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after purchasing an additional 896,211 shares during the last quarter. Boston Partners boosted its position in Valero Energy by 26.0% in the third quarter. Boston Partners now owns 7,169,172 shares of the oil and gas company’s stock valued at $611,881,000 after buying an additional 1,479,616 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Valero Energy by 2.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,018,386 shares of the oil and gas company’s stock worth $515,234,000 after buying an additional 121,909 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of Valero Energy by 41.8% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,425,465 shares of the oil and gas company’s stock worth $121,507,000 after buying an additional 420,200 shares during the last quarter. Finally, Prudential PLC increased its holdings in shares of Valero Energy by 26.0% during the second quarter. Prudential PLC now owns 1,283,240 shares of the oil and gas company’s stock worth $109,859,000 after buying an additional 264,400 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.
In related news, CEO Joseph W. Gorder sold 21,400 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total transaction of $2,045,198.00. Following the completion of the transaction, the chief executive officer now directly owns 424,917 shares of the company’s stock, valued at approximately $40,609,317.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.38% of the company’s stock.
A number of brokerages have recently commented on VLO. ValuEngine upgraded Valero Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 26th. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Co upped their target price on Valero Energy from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Goldman Sachs Group set a $104.00 target price on Valero Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays assumed coverage on Valero Energy in a research report on Tuesday, January 14th. They issued an “overweight” rating and a $116.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.75.
Shares of NYSE VLO opened at $89.26 on Friday. The firm has a 50 day moving average price of $93.49 and a two-hundred day moving average price of $88.47. The stock has a market cap of $36.76 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. Valero Energy Co. has a 52-week low of $69.44 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The company had revenue of $27.25 billion for the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the previous year, the business earned $2.01 earnings per share. Valero Energy’s revenue was down 11.7% compared to the same quarter last year. Analysts predict that Valero Energy Co. will post 4.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 12th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.39%. This is an increase from Valero Energy’s previous quarterly dividend of $0.90. Valero Energy’s dividend payout ratio is presently 48.85%.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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