Boston Partners Cuts Stake in Valero Energy Co. (VLO)

Boston Partners decreased its holdings in Valero Energy Co. (NYSE:VLO) by 26.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,161 shares of the oil and gas company’s stock after selling 9,411 shares during the period. Boston Partners’ holdings in Valero Energy were worth $1,961,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Synovus Financial Corp raised its holdings in Valero Energy by 19.4% during the 4th quarter. Synovus Financial Corp now owns 17,531 shares of the oil and gas company’s stock valued at $1,313,000 after buying an additional 2,849 shares during the last quarter. Csenge Advisory Group raised its holdings in Valero Energy by 5.9% during the 4th quarter. Csenge Advisory Group now owns 4,629 shares of the oil and gas company’s stock valued at $347,000 after buying an additional 259 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its holdings in Valero Energy by 263.2% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 28,306 shares of the oil and gas company’s stock valued at $2,122,000 after buying an additional 20,513 shares during the last quarter. WESPAC Advisors SoCal LLC raised its holdings in Valero Energy by 241.0% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 1,132 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 800 shares during the last quarter. Finally, Barings LLC raised its holdings in Valero Energy by 85.3% during the 4th quarter. Barings LLC now owns 128,693 shares of the oil and gas company’s stock valued at $9,648,000 after buying an additional 59,239 shares during the last quarter. 77.09% of the stock is owned by institutional investors.

Shares of NYSE VLO opened at $81.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $126.98. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.44 and a beta of 1.14.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. The business had revenue of $28.73 billion during the quarter, compared to analyst estimates of $23.26 billion. Equities research analysts expect that Valero Energy Co. will post 7.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, February 12th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 4.41%. Valero Energy’s dividend payout ratio is 48.85%.

In related news, Director Stephen M. Waters acquired 500 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was acquired at an average cost of $84.97 per share, for a total transaction of $42,485.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Randall J. Weisenburger acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the acquisition, the director now directly owns 53,717 shares in the company, valued at approximately $3,907,374.58. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on VLO. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Argus set a $110.00 price target on shares of Valero Energy and gave the company a “buy” rating in a report on Tuesday, February 5th. Goldman Sachs Group upgraded shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Friday, January 25th. Macquarie upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a report on Friday, January 18th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Valero Energy in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Valero Energy presently has an average rating of “Hold” and a consensus target price of $112.01.

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Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

Further Reading: What is the balance sheet?

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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