Orleans Capital Management Corp LA increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 617.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,650 shares of the oil and gas company’s stock after acquiring an additional 25,515 shares during the period. Valero Energy comprises approximately 1.9% of Orleans Capital Management Corp LA’s holdings, making the stock its 20th largest holding. Orleans Capital Management Corp LA’s holdings in Valero Energy were worth $2,725,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in Valero Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock valued at $304,000 after buying an additional 265 shares during the last quarter. BKD Wealth Advisors LLC boosted its position in Valero Energy by 8.3% in the 4th quarter. BKD Wealth Advisors LLC now owns 7,092 shares of the oil and gas company’s stock valued at $652,000 after buying an additional 541 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in Valero Energy by 26.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 2,660 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 550 shares during the last quarter. BB&T Investment Services Inc. boosted its position in Valero Energy by 6.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 10,276 shares of the oil and gas company’s stock valued at $791,000 after buying an additional 630 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Valero Energy by 1.9% in the 3rd quarter. GSA Capital Partners LLP now owns 34,781 shares of the oil and gas company’s stock valued at $2,676,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.
A number of research analysts have commented on the company. Macquarie reiterated a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a research report on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price objective on shares of Valero Energy in a research report on Monday, January 22nd. Citigroup upgraded Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Wednesday. Finally, 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 report on Monday, October 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.12.
In related news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total transaction of $87,230.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the sale, the chief financial officer now directly owns 57,589 shares in the company, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. Insiders have sold a total of 298,187 shares of company stock worth $27,611,828 in the last ninety days. 0.45% of the stock is currently owned by company insiders.
Valero Energy Co. (NYSE VLO) opened at $93.00 on Friday. Valero Energy Co. has a 12-month low of $60.69 and a 12-month high of $99.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The stock has a market capitalization of $40,533.13, a price-to-earnings ratio of 10.06, a PEG ratio of 1.10 and a beta of 1.01.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. research analysts anticipate that Valero Energy Co. will post 7.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is presently 34.63%.
Valero Energy announced that its Board of Directors has approved a stock buyback 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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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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