Trust Investment Advisors lowered its position in Valero Energy Corporation (NYSE:VLO) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,450 shares of the oil and gas company’s stock after selling 800 shares during the quarter. Valero Energy Corporation makes up about 1.5% of Trust Investment Advisors’ portfolio, making the stock its 18th biggest position. Trust Investment Advisors’ holdings in Valero Energy Corporation were worth $1,342,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Cable Hill Partners LLC grew its stake in Valero Energy Corporation by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. grew its stake in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares in the last quarter. First Personal Financial Services grew its stake in Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares in the last quarter. Ffcm LLC grew its stake in Valero Energy Corporation by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in Valero Energy Corporation by 16.9% in the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 300 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.
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In related news, Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value 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 approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock valued at $4,141,471 in the last 90 days. 0.45% of the stock is currently owned by company insiders.
Shares of Valero Energy Corporation (NYSE:VLO) traded up $0.75 during mid-day trading on Tuesday, reaching $81.42. The company had a trading volume of 1,083,831 shares, compared to its average volume of 4,090,916. The stock has a market cap of $35,605.96, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. 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 Corporation has a one year low of $60.35 and a one year high of $82.19.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. equities analysts predict that Valero Energy Corporation will post 4.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors 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 dividend on an annualized basis and a yield of 3.44%. Valero Energy Corporation’s dividend payout ratio (DPR) is 60.48%.
VLO has been the topic of several research analyst reports. Zacks Investment Research cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. BidaskClub cut Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. increased their price objective on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Macquarie reissued a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.19.
About Valero Energy Corporation
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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