Louisiana State Employees Retirement System trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,500 shares of the oil and gas company’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Valero Energy were worth $2,436,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Eaton Vance Management boosted its stake 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 during the last quarter. Franklin Resources Inc. boosted its stake 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 during the last quarter. BT Investment Management Ltd acquired a new position in Valero Energy during the second quarter worth $373,000. Mutual of America Capital Management LLC boosted its stake in Valero Energy by 1.2% during the second quarter. Mutual of America Capital Management LLC now owns 54,509 shares of the oil and gas company’s stock worth $3,677,000 after buying an additional 649 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Valero Energy by 4.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,421,069 shares of the oil and gas company’s stock worth $163,325,000 after buying an additional 104,936 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.
Valero Energy Co. (VLO) opened at $97.56 on Thursday. Valero Energy Co. has a 12 month low of $60.69 and a 12 month high of $98.11. The company has a market capitalization of $42,073.41, a price-to-earnings ratio of 21.07, a PEG ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced 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 had a return on equity of 9.87% and a net margin of 2.33%. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. sell-side analysts expect that Valero Energy Co. will post 4.92 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Credit Suisse Group assumed coverage on Valero Energy in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective on the stock. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Scotiabank reissued a “buy” rating and set a $93.00 price objective on shares of Valero Energy in a research note on Friday, December 22nd. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Thursday, November 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $78.00 price objective on shares of Valero Energy in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Hold” and a consensus price target of $81.41.
In other news, Director Philip J. Pfeiffer sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were 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. In the last ninety days, insiders sold 301,287 shares of company stock worth $27,860,150. Corporate 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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