Macquarie Group Ltd. Trims Position in Valero Energy Corporation (VLO)

Macquarie Group Ltd. reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 44.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,459 shares of the oil and gas company’s stock after selling 54,543 shares during the period. Macquarie Group Ltd.’s holdings in Valero Energy Corporation were worth $4,685,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its position in shares of Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 11 shares during the last quarter. BKD Wealth Advisors LLC raised its holdings in Valero Energy Corporation by 0.4% in the 2nd quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock valued at $441,000 after acquiring an additional 24 shares during the last quarter. Brown Advisory Securities LLC raised its holdings in Valero Energy Corporation by 0.7% in the 1st quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after acquiring an additional 25 shares during the last quarter. Eads & Heald Investment Counsel raised its holdings in Valero Energy Corporation by 0.3% in the 2nd quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock valued at $568,000 after acquiring an additional 25 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in Valero Energy Corporation by 0.7% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock valued at $279,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

Valero Energy Corporation (VLO) traded up 1.91% during midday trading on Friday, reaching $77.75. 6,118,616 shares of the company traded hands. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of 19.19 and a beta of 1.22. The firm’s 50 day moving average price is $74.98 and its 200 day moving average price is $68.29. Valero Energy Corporation has a 12 month low of $57.40 and a 12 month high of $78.64.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. On average, analysts expect that Valero Energy Corporation will post $4.75 earnings per share for the current year.

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Several brokerages have weighed in on VLO. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Macquarie reissued a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. Deutsche Bank AG reissued a “hold” rating and set a $73.00 price objective (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Finally, Citigroup Inc. decreased their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.19.

In other news, Director Stephen M. Waters sold 656 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold 55,168 shares of company stock valued at $4,015,279 in the last three months. Company insiders own 0.45% of the company’s stock.

Valero Energy Corporation 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.

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

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