Viking Fund Management LLC trimmed its position in Valero Energy Co. (NYSE:VLO) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,000 shares of the oil and gas company’s stock after selling 40,700 shares during the quarter. Viking Fund Management LLC’s holdings in Valero Energy were worth $6,893,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Personal Capital Advisors Corp increased its holdings in shares of Valero Energy by 2.2% in the fourth quarter. Personal Capital Advisors Corp now owns 480,571 shares of the oil and gas company’s stock worth $44,169,000 after purchasing an additional 10,235 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Valero Energy by 87.4% in the fourth quarter. State of Alaska Department of Revenue now owns 116,955 shares of the oil and gas company’s stock worth $10,746,000 after purchasing an additional 54,530 shares during the last quarter. BKD Wealth Advisors LLC increased its holdings in shares of Valero Energy by 8.3% in the fourth quarter. BKD Wealth Advisors LLC now owns 7,092 shares of the oil and gas company’s stock worth $652,000 after purchasing an additional 541 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Valero Energy in the fourth quarter worth about $609,000. Finally, Community Financial Services Group LLC increased its stake in Valero Energy by 1.7% during the fourth quarter. Community Financial Services Group LLC now owns 81,163 shares of the oil and gas company’s stock worth $7,460,000 after acquiring an additional 1,320 shares during the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.
Valero Energy Co. (VLO) traded up $0.80 on Friday, hitting $97.26. The stock had a trading volume of 2,368,832 shares, compared to its average volume of 2,904,992. The company has a market capitalization of $42,960.00, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Valero Energy Co. has a 1 year low of $60.69 and a 1 year high of $98.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.
Valero Energy (NYSE:VLO) last released its 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. The firm had revenue of $23.56 billion for 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 company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. sell-side analysts expect that Valero Energy Co. will post 4.92 EPS for the current year.
Several equities research analysts have weighed in on the company. Cowen boosted their price objective on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. UBS Group reissued a “neutral” rating and set a $80.00 price objective (up from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Zacks Investment Research cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 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 equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $81.41.
In related news, Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. Insiders sold 301,287 shares of company stock valued at $27,860,150 in the last quarter. 0.45% of the stock is owned by company insiders.
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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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