Yellowstone Partners LLC Invests $735,000 in Valero Energy Co. (VLO) Stock
Yellowstone Partners LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,550 shares of the oil and gas company’s stock, valued at approximately $735,000.
A number of other institutional investors have also recently added to or reduced their stakes in VLO. Willingdon Wealth Management acquired a new position in Valero Energy during the 3rd quarter worth $100,000. Cable Hill Partners LLC lifted its position in Valero Energy by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares during the last quarter. First Personal Financial Services lifted its position in Valero Energy by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its position in Valero Energy by 2,272.1% during 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 acquiring an additional 1,386 shares during the last quarter. Finally, Ffcm LLC lifted its position in Valero Energy by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction dated Tuesday, September 19th. The shares were 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 $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock valued at $4,161,601 in the last three months. Company insiders own 0.45% of the company’s stock.
Valero Energy (NYSE:VLO) last posted 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 Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The firm 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 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts predict that Valero Energy Co. will post 4.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
A number of research analysts have weighed in on VLO shares. US Capital Advisors lowered shares of Valero Energy from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group cut their target price on shares of Valero Energy from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy in a research report on Thursday, August 31st. Finally, ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.28.
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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