Gyroscope Capital Management Group LLC trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,367 shares of the oil and gas company’s stock after selling 1,641 shares during the period. Valero Energy comprises approximately 3.2% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 3rd largest holding. Gyroscope Capital Management Group LLC’s holdings in Valero Energy were worth $6,260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Putnam FL Investment Management Co. bought a new stake in Valero Energy in the 3rd quarter valued at about $1,910,000. Aberdeen Asset Management PLC UK raised its stake in Valero Energy by 19.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after acquiring an additional 172,788 shares during the period. Brookstone Capital Management raised its stake in Valero Energy by 4.4% in the 2nd quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after acquiring an additional 3,644 shares during the period. Andra AP fonden raised its stake in Valero Energy by 2.9% in the 2nd quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock valued at $4,810,000 after acquiring an additional 2,000 shares during the period. Finally, Swiss National Bank raised its stake in Valero Energy by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock valued at $111,103,000 after acquiring an additional 42,700 shares during the period. Institutional investors own 81.81% of the company’s stock.
In other news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders have sold 56,768 shares of company stock valued at $4,161,601 in the last three months. 0.45% of the stock is owned by insiders.
Valero Energy Co. (NYSE:VLO) traded up $0.51 during mid-day trading on Thursday, reaching $87.45. The company’s stock had a trading volume of 3,111,900 shares, compared to its average volume of 4,019,998. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The stock has a market cap of $38,043.29, a price-to-earnings ratio of 18.78, a PEG ratio of 1.91 and a beta of 1.20. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $88.11.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. sell-side analysts expect that Valero Energy Co. will post 4.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, November 20th. Valero Energy’s payout ratio is 60.48%.
VLO has been the topic of a number of research reports. Wells Fargo & Company restated an “outperform” rating and issued a $87.00 price objective (up from $74.00) on shares of Valero Energy in a research note on Tuesday, October 17th. Deutsche Bank restated a “hold” rating and issued a $73.00 price objective (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Monday, October 16th. Finally, Jefferies Group lowered their price objective on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $79.28.
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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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