First Citizens Bank & Trust Co. trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,665 shares of the oil and gas company’s stock after selling 15,559 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Valero Energy were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Willingdon Wealth Management purchased a new position in Valero Energy during the 3rd quarter worth $100,000. Cable Hill Partners LLC grew its stake in Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,198 shares during the last quarter. San Francisco Sentry Investment Group CA grew its stake in Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in Valero Energy by 300.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,398 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in Valero Energy during the 3rd quarter worth $160,000. Hedge funds and other institutional investors own 81.31% of the company’s stock.
Shares of Valero Energy Co. (NYSE VLO) traded up $0.11 on Wednesday, reaching $94.21. The company’s stock had a trading volume of 1,553,991 shares, compared to its average volume of 3,161,533. Valero Energy Co. has a 12 month low of $60.69 and a 12 month high of $94.96. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The firm has a market cap of $41,670.00, a PE ratio of 20.44, a P/E/G ratio of 1.47 and a beta of 1.20.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. equities research analysts predict that Valero Energy Co. will post 5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a $0.70 dividend. The ex-dividend date was Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Valero Energy’s dividend payout ratio (DPR) is presently 60.74%.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael S. Ciskowski sold 251,530 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the completion of the transaction, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. In the last three months, insiders sold 301,287 shares of company stock valued at $27,860,150. Insiders own 0.45% of the company’s stock.
Several brokerages recently weighed in on VLO. Macquarie restated a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Deutsche Bank restated a “hold” rating and set a $73.00 target price (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. Cowen reaffirmed a “buy” rating and set a $90.00 price target on shares of Valero Energy in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.41.
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Valero Energy 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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