Central Bank & Trust Co. cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,954 shares of the oil and gas company’s stock after selling 1,761 shares during the period. Valero Energy comprises approximately 1.5% of Central Bank & Trust Co.’s holdings, making the stock its 19th largest position. Central Bank & Trust Co.’s holdings in Valero Energy were worth $6,061,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. Willingdon Wealth Management purchased a new stake in shares of Valero Energy in the 3rd quarter worth $100,000. Cable Hill Partners LLC increased its stake in shares of Valero Energy by 1,015.3% in the 3rd 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. San Francisco Sentry Investment Group CA increased its stake in shares of Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 1,386 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Valero Energy by 300.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth $160,000. Institutional investors and hedge funds own 81.34% of the company’s stock.
In other Valero Energy news, 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 owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 approximately $5,120,237.99. The disclosure for this sale can be found here. Insiders sold a total of 301,287 shares of company stock valued at $27,860,150 in the last quarter. 0.45% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on the company. Piper Jaffray Companies restated a “hold” rating and issued a $78.00 price objective on shares of Valero Energy in a research note on Friday, November 17th. Citigroup upped their price objective on 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 Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Cowen restated a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Valero Energy presently has an average rating of “Hold” and a consensus target price of $81.41.
Shares of Valero Energy Co. (NYSE VLO) traded down $0.60 during mid-day trading on Tuesday, reaching $96.15. The company’s stock had a trading volume of 3,038,825 shares, compared to its average volume of 2,995,260. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $97.55. 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 cap of $42,470.00, a price-to-earnings ratio of 20.86, a PEG ratio of 1.56 and a beta of 1.20.
Valero Energy (NYSE:VLO) last issued its quarterly 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. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the prior year, the business posted $1.24 EPS. Valero Energy’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts anticipate that Valero Energy Co. will post 4.97 earnings per share for the current fiscal year.
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Valero Energy 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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