Park National Corp OH decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,109 shares of the oil and gas company’s stock after selling 1,382 shares during the quarter. Park National Corp OH’s holdings in Valero Energy Corporation were worth $316,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Perpetual Ltd raised its position in Valero Energy Corporation by 19.3% during the second quarter. Perpetual Ltd now owns 8,027 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 1,300 shares in the last quarter. Level Four Advisory Services LLC raised its position in Valero Energy Corporation by 385.3% during the second quarter. Level Four Advisory Services LLC now owns 37,523 shares of the oil and gas company’s stock valued at $781,000 after acquiring an additional 29,791 shares in the last quarter. W. E. Donoghue & Co. LLC purchased a new stake in shares of Valero Energy Corporation in the second quarter valued at approximately $16,616,000. Intl Fcstone Inc. purchased a new stake in shares of Valero Energy Corporation in the second quarter valued at approximately $1,215,000. Finally, Navellier & Associates Inc purchased a new stake in shares of Valero Energy Corporation in the second quarter valued at approximately $422,000. Institutional investors own 80.59% of the company’s stock.
In related news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation 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 sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,168 shares of company stock worth $4,015,279. Insiders own 0.45% of the company’s stock.
A number of research firms have recently commented on VLO. Zacks Investment Research lowered Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Macquarie reissued a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday. They noted that the move was a valuation call. Citigroup Inc. boosted their price objective on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Company reissued an “outperform” rating and set a $87.00 price objective (up previously from $74.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 17th. Finally, Jefferies Group LLC lowered Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.19.
Valero Energy Corporation (NYSE:VLO) traded up 1.25% during mid-day trading on Friday, reaching $77.24. The company’s stock had a trading volume of 3,794,515 shares. Valero Energy Corporation has a 52 week low of $57.40 and a 52 week high of $78.64. The firm has a 50-day moving average of $74.98 and a 200-day moving average of $68.29. The stock has a market capitalization of $34.11 billion, a price-to-earnings ratio of 19.07 and a beta of 1.22.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results 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 2.17% and a return on equity of 8.59%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. Valero Energy Corporation’s revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post $4.75 earnings per share for the current year.
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Valero Energy Corporation 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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