Piedmont Investment Advisors LLC raised its position in Valero Energy Co. (NYSE:VLO) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 194,094 shares of the oil and gas company’s stock after purchasing an additional 2,683 shares during the period. Piedmont Investment Advisors LLC’s holdings in Valero Energy were worth $14,932,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Willingdon Wealth Management bought a new stake in shares of Valero Energy in the 3rd quarter valued at $100,000. Cable Hill Partners LLC increased its stake in shares of Valero Energy by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA increased its stake in shares of Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares in the last quarter. First Personal Financial Services increased its stake in shares of Valero Energy by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 196 shares in the last quarter. Finally, Ffcm LLC increased its stake in shares of Valero Energy by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.
Valero Energy Co. (NYSE VLO) traded down $0.40 during midday trading on Tuesday, hitting $87.20. 2,853,800 shares of the stock traded hands, compared to its average volume of 4,030,136. Valero Energy Co. has a 12-month low of $60.69 and a 12-month high of $88.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The company has a market cap of $38,332.09, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue was up 19.9% compared to the same quarter last year. equities analysts forecast that Valero Energy Co. will post 4.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a $0.70 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.21%. Valero Energy’s payout ratio is 60.48%.
Several analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $78.00 price objective on shares of Valero Energy in a research note on Friday, November 17th. Citigroup lifted their price objective on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Jefferies Group lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. US Capital Advisors lowered shares of Valero Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Cowen restated a “buy” rating and set a $90.00 price target on shares of Valero Energy in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $79.28.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,768 shares of company stock valued at $4,161,601. Company insiders own 0.45% of the company’s stock.
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About Valero Energy
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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