Zeke Capital Advisors LLC Buys 8,941 Shares of Valero Energy Co. (VLO)

Zeke Capital Advisors LLC grew its holdings in Valero Energy Co. (NYSE:VLO) by 116.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,636 shares of the oil and gas company’s stock after purchasing an additional 8,941 shares during the period. Zeke Capital Advisors LLC’s holdings in Valero Energy were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in Valero Energy during the 4th quarter worth about $302,721,000. Stifel Financial Corp increased its holdings in shares of Valero Energy by 4,916.0% in the 3rd quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock valued at $106,014,000 after acquiring an additional 1,350,627 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Valero Energy by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock valued at $1,096,715,000 after acquiring an additional 658,940 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Valero Energy by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,930,471 shares of the oil and gas company’s stock valued at $269,338,000 after acquiring an additional 494,511 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Valero Energy by 17.4% in the 4th quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock valued at $294,188,000 after acquiring an additional 475,381 shares during the last quarter. 80.89% of the stock is currently owned by hedge funds and other institutional investors.

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Valero Energy stock traded down $0.68 during midday trading on Friday, reaching $95.18. The stock had a trading volume of 3,432,020 shares, compared to its average volume of 3,258,198. The stock has a market capitalization of $41,524.25, a P/E ratio of 19.19, a PEG ratio of 1.12 and a beta of 1.02. Valero Energy Co. has a twelve month low of $60.69 and a twelve month high of $99.95. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The company had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. sell-side analysts predict that Valero Energy Co. will post 6.95 EPS for the current year.

Valero Energy declared that its board has approved a stock buyback program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Bank of America increased their price objective on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Piper Jaffray reaffirmed a “hold” rating and set a $98.00 price objective on shares of Valero Energy in a research report on Monday, January 22nd. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Valero Energy in a research report on Thursday, February 1st. Finally, JPMorgan Chase reissued a “neutral” rating and issued a $105.00 price target (up from $99.00) on shares of Valero Energy in a report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.65.

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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.

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

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