Occidental Asset Management LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,760 shares of the oil and gas company’s stock after purchasing an additional 419 shares during the period. Occidental Asset Management LLC’s holdings in Valero Energy were worth $1,008,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. AE Wealth Management LLC boosted its stake in Valero Energy by 7.6% during the 4th quarter. AE Wealth Management LLC now owns 38,660 shares of the oil and gas company’s stock worth $3,620,000 after purchasing an additional 2,733 shares during the period. Ingalls & Snyder LLC acquired a new stake in Valero Energy during the 4th quarter worth $496,000. Raymond James Trust N.A. boosted its stake in Valero Energy by 5.7% during the 4th quarter. Raymond James Trust N.A. now owns 20,617 shares of the oil and gas company’s stock worth $1,931,000 after purchasing an additional 1,108 shares during the period. Legacy Private Trust Co. boosted its stake in Valero Energy by 20.8% during the 4th quarter. Legacy Private Trust Co. now owns 23,614 shares of the oil and gas company’s stock worth $2,211,000 after purchasing an additional 4,070 shares during the period. Finally, Family Legacy Inc. boosted its stake in Valero Energy by 13.2% during the 4th quarter. Family Legacy Inc. now owns 8,242 shares of the oil and gas company’s stock worth $767,000 after purchasing an additional 958 shares during the period. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Shares of Valero Energy stock opened at $92.50 on Thursday. The company has a market cap of $37.89 billion, a P/E ratio of 12.55, a PEG ratio of 1.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40. Valero Energy Co. has a one year low of $69.44 and a one year high of $101.99. The firm has a fifty day moving average of $94.31 and a two-hundred day moving average of $88.15.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion during the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. Valero Energy’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.01 EPS. As a group, equities analysts predict that Valero Energy Co. will post 5.01 earnings per share for the current year.
A number of analysts recently weighed in on VLO shares. Barclays started coverage on shares of Valero Energy in a research note on Tuesday. They set an “overweight” rating and a $116.00 price target for the company. Royal Bank of Canada set a $99.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley increased their price target on shares of Valero Energy from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Co upped their price objective on shares of Valero Energy from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Valero Energy presently has an average rating of “Buy” and an average target price of $103.02.
In other news, CEO Joseph W. Gorder sold 21,400 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $95.57, for a total value of $2,045,198.00. Following the completion of the transaction, the chief executive officer now owns 424,917 shares in the company, valued at approximately $40,609,317.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
Further Reading: Asset Allocation, Balancing Your Investments
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