Nisa Investment Advisors LLC Sells 10,107 Shares of Valero Energy Co. (VLO)

Nisa Investment Advisors LLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,656 shares of the oil and gas company’s stock after selling 10,107 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Valero Energy were worth $14,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VLO. Neuberger Berman Group LLC grew its holdings in Valero Energy by 184.0% during the second quarter. Neuberger Berman Group LLC now owns 30,823 shares of the oil and gas company’s stock worth $2,079,000 after buying an additional 67,523 shares in the last quarter. Eaton Vance Management grew its holdings in Valero Energy by 2.1% during the second quarter. Eaton Vance Management now owns 13,671 shares of the oil and gas company’s stock worth $922,000 after buying an additional 285 shares in the last quarter. Franklin Resources Inc. grew its holdings in Valero Energy by 48.8% during the second quarter. Franklin Resources Inc. now owns 313,216 shares of the oil and gas company’s stock worth $21,130,000 after buying an additional 102,703 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Valero Energy by 14.5% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,873 shares of the oil and gas company’s stock worth $261,000 after buying an additional 490 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in Valero Energy by 28.6% during the second quarter. KCM Investment Advisors LLC now owns 4,061 shares of the oil and gas company’s stock worth $274,000 after buying an additional 903 shares in the last quarter. Institutional investors and hedge funds own 81.31% of the company’s stock.

Several research firms have weighed in on VLO. Macquarie reissued a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Deutsche Bank reissued a “hold” rating and issued a $73.00 price objective (up previously from $65.00) on shares of Valero Energy in a research report on Wednesday, September 20th. Cowen reissued a “buy” rating and issued a $90.00 price objective 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 objective on the stock in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Valero Energy has a consensus rating of “Hold” and a consensus price target of $81.41.

Valero Energy Co. (VLO) opened at $96.75 on Friday. Valero Energy Co. has a 1 year low of $60.69 and a 1 year high of $97.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The company has a market capitalization of $42,730.00, a price-to-earnings ratio of 20.99, a PEG ratio of 1.57 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, beating analysts’ consensus estimates of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. sell-side analysts forecast that Valero Energy Co. will post 4.97 earnings per share for the current fiscal year.

In other news, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the transaction, the chief financial officer now owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen M. Waters sold 1,600 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. Insiders have sold a total of 301,287 shares of company stock worth $27,860,150 in the last ninety days. Insiders own 0.45% of the company’s stock.

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About Valero Energy

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

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