Valero Energy Corporation (VLO) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its position in Valero Energy Corporation (NYSE:VLO) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 923,463 shares of the oil and gas company’s stock after purchasing an additional 32,161 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Valero Energy Corporation worth $71,042,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its stake in Valero Energy Corporation by 2.5% during the third quarter. Advisor Group Inc. now owns 91,474 shares of the oil and gas company’s stock valued at $7,037,000 after buying an additional 2,224 shares during the last quarter. First National Trust Co. raised its stake in Valero Energy Corporation by 7.0% during the third quarter. First National Trust Co. now owns 55,137 shares of the oil and gas company’s stock valued at $4,242,000 after buying an additional 3,598 shares during the last quarter. Toronto Dominion Bank raised its stake in Valero Energy Corporation by 11.2% during the third quarter. Toronto Dominion Bank now owns 176,270 shares of the oil and gas company’s stock valued at $13,560,000 after buying an additional 17,718 shares during the last quarter. BTC Capital Management Inc. raised its stake in Valero Energy Corporation by 2.6% during the third quarter. BTC Capital Management Inc. now owns 69,581 shares of the oil and gas company’s stock valued at $5,351,000 after buying an additional 1,732 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its stake in Valero Energy Corporation by 65.1% during the third quarter. Summit Financial Wealth Advisors LLC now owns 46,254 shares of the oil and gas company’s stock valued at $3,558,000 after buying an additional 18,241 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.
In related news, Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock worth $4,141,471 over the last quarter. 0.45% of the stock is owned by company insiders.
A number of brokerages have issued reports on VLO. US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. Evercore ISI upgraded Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a research note on Thursday, November 2nd. BidaskClub cut Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Cowen and Company lifted their target price on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. Finally, UBS AG reissued a “neutral” rating and issued a $80.00 target price (up previously from $69.00) on shares of Valero Energy Corporation in a report on Wednesday, September 27th. One 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 company. The stock has a consensus rating of “Hold” and an average target price of $77.19.
Shares of Valero Energy Corporation (NYSE:VLO) traded up $0.09 during trading on Monday, hitting $81.37. The stock had a trading volume of 2,473,800 shares, compared to its average volume of 4,097,899. Valero Energy Corporation has a fifty-two week low of $60.35 and a fifty-two week high of $82.19. The stock has a market capitalization of $35,710.00, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. analysts forecast 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 given a $0.70 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. Valero Energy Corporation’s dividend payout ratio is currently 60.74%.
Valero Energy Corporation 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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