Koshinski Asset Management Inc. raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 53.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,979 shares of the oil and gas company’s stock after purchasing an additional 1,743 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Valero Energy were worth $458,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Optimum Investment Advisors increased its holdings in shares of Valero Energy by 1.1% during the 2nd quarter. Optimum Investment Advisors now owns 14,352 shares of the oil and gas company’s stock worth $968,000 after purchasing an additional 152 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Valero Energy by 1.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 10,407 shares of the oil and gas company’s stock valued at $702,000 after acquiring an additional 184 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Valero Energy by 6.2% during the 2nd quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock valued at $304,000 after acquiring an additional 265 shares in the last quarter. Bancorpsouth Inc. boosted its position in Valero Energy by 0.6% in the second quarter. Bancorpsouth Inc. now owns 46,789 shares of the oil and gas company’s stock valued at $3,157,000 after buying an additional 282 shares in the last quarter. Finally, Eaton Vance Management boosted its position in Valero Energy by 2.1% in the second quarter. Eaton Vance Management now owns 13,671 shares of the oil and gas company’s stock valued at $922,000 after buying an additional 285 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the transaction, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at $5,120,237.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the completion of the transaction, the chief financial officer now directly owns 309,119 shares in the company, valued at $28,837,711.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 299,687 shares of company stock valued at $27,733,958. Corporate insiders own 0.45% of the company’s stock.
VLO has been the topic of a number of recent analyst reports. Wells Fargo & Co restated an “outperform” rating and issued a $87.00 price target (up from $74.00) on shares of Valero Energy in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, October 16th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reiterated a “buy” rating and set a $100.00 target price on shares of Valero Energy in a research report on Thursday, February 1st. Finally, UBS Group upped their target price on shares of Valero Energy from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.06.
Shares of Valero Energy Co. (NYSE VLO) traded up $1.45 on Friday, reaching $88.22. 5,460,000 shares of the company traded hands, compared to its average volume of 3,460,000. Valero Energy Co. has a fifty-two week low of $60.69 and a fifty-two week high of $99.95. The firm has a market capitalization of $38,960.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. 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 announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. equities research analysts predict that Valero Energy Co. will post 7.23 EPS for the current year.
Valero Energy declared that its board has approved a share repurchase program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be paid a $0.80 dividend. The ex-dividend date is Monday, February 12th. This represents a $3.20 dividend on an annualized basis and a yield of 3.63%. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is currently 60.74%.
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.
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.