Bristol Advisors LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,400 shares of the oil and gas company’s stock, valued at approximately $312,000.
Several other hedge funds have also recently added to or reduced their stakes in VLO. Neuberger Berman Group LLC increased its stake in shares of Valero Energy by 184.0% during the second quarter. Neuberger Berman Group LLC now owns 30,823 shares of the oil and gas company’s stock worth $2,079,000 after buying an additional 67,523 shares during the period. Eaton Vance Management increased its stake in shares of Valero Energy by 2.1% during the second quarter. Eaton Vance Management now owns 13,671 shares of the oil and gas company’s stock worth $922,000 after buying an additional 285 shares during the period. Franklin Resources Inc. increased its stake in shares of Valero Energy by 48.8% during the second quarter. Franklin Resources Inc. now owns 313,216 shares of the oil and gas company’s stock worth $21,130,000 after buying an additional 102,703 shares during the period. Summit Global Investments increased its stake in shares of Valero Energy by 52.5% during the second quarter. Summit Global Investments now owns 7,167 shares of the oil and gas company’s stock worth $483,000 after buying an additional 2,467 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Valero Energy by 6.3% during the second quarter. Teachers Advisors LLC now owns 969,547 shares of the oil and gas company’s stock worth $65,406,000 after buying an additional 57,303 shares during the period. Hedge funds and other institutional investors own 81.31% of the company’s stock.
Valero Energy Co. (VLO) traded up $2.26 during mid-day trading on Friday, hitting $96.81. The stock had a trading volume of 2,002,654 shares, compared to its average volume of 3,005,063. The firm has a market capitalization of $42,750.00, a P/E ratio of 21.00, a P/E/G ratio of 1.47 and a beta of 1.20. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $94.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 16.72% and a net margin of 3.66%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. equities research analysts expect that Valero Energy Co. will post 5 EPS for the current fiscal year.
In related news, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the completion of the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total value of $87,230.00. The disclosure for this sale can be found here. Insiders sold 301,287 shares of company stock valued at $27,860,150 over the last three months. Corporate insiders own 0.45% of the company’s stock.
A number of research firms recently weighed in on VLO. Piper Jaffray Companies restated a “hold” rating and set a $78.00 target price on shares of Valero Energy in a research note on Friday, November 17th. Citigroup upped their target price on shares of Valero Energy from $68.00 to $76.00 and gave the stock 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. Cowen restated a “buy” rating and set a $90.00 target price on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $81.41.
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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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