Crossmark Global Holdings Inc. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,210 shares of the oil and gas company’s stock after selling 29,493 shares during the period. Valero Energy makes up 0.7% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 17th biggest position. Crossmark Global Holdings Inc. owned approximately 0.07% of Valero Energy worth $28,971,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Willingdon Wealth Management bought a new stake in shares of Valero Energy during the 3rd quarter worth approximately $100,000. Cable Hill Partners LLC increased its holdings in shares of 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 acquiring an additional 1,198 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Valero Energy by 211.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 799 shares during the last quarter. San Francisco Sentry Investment Group CA increased its holdings in shares of 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 acquiring an additional 1,386 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.
A number of research analysts have commented on VLO shares. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $87.00 price objective (up from $74.00) on shares of Valero Energy in a report on Tuesday, October 17th. 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 report on Monday, October 16th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Cowen reissued a “buy” rating and set a $100.00 target price on shares of Valero Energy in a report on Thursday, February 1st. Finally, UBS Group upped their price objective on Valero Energy from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $89.06.
Valero Energy Co. (NYSE:VLO) traded up $0.44 during midday trading on Tuesday, reaching $89.28. The company had a trading volume of 629,877 shares, compared to its average volume of 3,461,948. 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 Co. has a fifty-two week low of $60.69 and a fifty-two week high of $99.95. The firm has a market capitalization of $39,080.00, a PE ratio of 19.31, a P/E/G ratio of 1.10 and a beta of 0.99.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. sell-side analysts predict that Valero Energy Co. will post 7.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, February 12th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is currently 60.74%.
Valero Energy announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In related news, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy 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 sale, the chief financial officer now directly owns 309,119 shares in the company, valued at $28,837,711.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction on 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 sale, the chief financial officer now owns 57,589 shares in the company, valued at $5,120,237.99. The disclosure for this sale can be found here. Insiders sold 298,187 shares of company stock worth $27,611,828 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.
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Valero Energy 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.
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