Exane Derivatives lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,540 shares of the oil and gas company’s stock after selling 6,690 shares during the period. Exane Derivatives’ holdings in Valero Energy were worth $3,647,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of Valero Energy by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,541 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 113 shares in the last quarter. Investors Research Corp boosted its position in shares of Valero Energy by 4.4% in the 3rd quarter. Investors Research Corp now owns 2,730 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 116 shares in the last quarter. Liberty Wealth Management LLC boosted its position in shares of Valero Energy by 18.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 754 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 117 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of Valero Energy by 27.1% in the 3rd quarter. Adirondack Trust Co. now owns 610 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 130 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Valero Energy by 70.4% in the 4th quarter. Allworth Financial LP now owns 334 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.
Shares of VLO traded down $0.30 during midday trading on Wednesday, hitting $89.95. 59,167 shares of the company traded hands, compared to its average volume of 2,400,524. The firm has a 50 day moving average of $93.72 and a 200-day moving average of $88.36. Valero Energy Co. has a 52 week low of $69.44 and a 52 week high of $101.99. The stock has a market cap of $37.46 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.21 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The business had revenue of $27.25 billion during the quarter, compared to the consensus estimate of $25.93 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The business’s revenue was down 11.7% on a year-over-year basis. Sell-side analysts predict that Valero Energy Co. will post 4.95 earnings per share for the current fiscal year.
In other Valero Energy news, CEO Joseph W. Gorder sold 21,400 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $95.57, for a total transaction of $2,045,198.00. Following the completion of the transaction, the chief executive officer now owns 424,917 shares of the company’s stock, valued at approximately $40,609,317.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on VLO shares. Barclays started coverage on Valero Energy in a research report on Tuesday, January 14th. They issued an “overweight” rating and a $116.00 price objective on the stock. Wells Fargo & Co boosted their target price on shares of Valero Energy from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. ValuEngine upgraded shares of Valero Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 26th. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.75.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
Featured Article: Differences Between Momentum Investing and Long Term Investing
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).
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.