Bowling Portfolio Management LLC lowered its holdings in shares of Valero Energy Co. (NYSE:VLO) by 50.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,064 shares of the oil and gas company’s stock after selling 33,389 shares during the period. Bowling Portfolio Management LLC’s holdings in Valero Energy were worth $3,761,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sitrin Capital Management LLC grew its stake in Valero Energy by 1.6% during the third quarter. Sitrin Capital Management LLC now owns 43,950 shares of the oil and gas company’s stock worth $4,999,000 after purchasing an additional 703 shares during the period. Davis R M Inc. grew its stake in Valero Energy by 24.1% during the third quarter. Davis R M Inc. now owns 3,093 shares of the oil and gas company’s stock worth $352,000 after purchasing an additional 600 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Valero Energy during the third quarter worth approximately $2,275,000. Bristol Advisors LLC acquired a new stake in Valero Energy during the third quarter worth approximately $569,000. Finally, Welch & Forbes LLC grew its stake in Valero Energy by 5.0% during the third quarter. Welch & Forbes LLC now owns 128,883 shares of the oil and gas company’s stock worth $14,660,000 after purchasing an additional 6,140 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.
In other news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $116.76, for a total value of $116,760.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by company insiders.
Valero Energy stock traded down $0.77 during mid-day trading on Thursday, reaching $102.97. The stock had a trading volume of 29,021 shares, compared to its average volume of 3,283,228. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. Valero Energy Co. has a fifty-two week low of $75.84 and a fifty-two week high of $126.98. The stock has a market capitalization of $48.62 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.17. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The firm had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Research analysts forecast that Valero Energy Co. will post 6.44 EPS for the current year.
Several research firms recently commented on VLO. ValuEngine cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Tudor Pickering cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Mizuho began coverage on Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price for the company. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Citigroup reduced their price objective on Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and a consensus price target of $116.18.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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